Optional returns may reduce or eliminate your client’s taxes Published in Investment Executive June 12, 2024 I have a secret test for estate or tax preparation professionals who state they are well versed in the intricacies of estate administration and terminal tax returns: I ask how many optional tax returns they have administered, prepared and filed. If I get a confused look, I clarify: How do they deal with post-death income receipts? Alternatively, I ask if they have ever

In this era, having a Professional Executor/Estate Trustee should be considered an effective insurance policy. A Professional Executor/ Estate Trustee is accountable for ensuring the estate is administered in a manner consistent with the testator’s wishes and as per the terms and conditions in the will. This includes the proper identification, compiling and valuation of assets, safeguarding assets, compliance with all regulatory and tax-related matters, ensuring estate accoun