Estate, Gift, Trust & Non-Profit Tax Planning
At Chandler & Knowles CPAs, we don’t just think about tax planning and preparation as something that happens on a small-scale, year-to-year basis. We look at ways to help you reduce your taxes and grow your wealth through careful planning over the course of many years. We also offer financial estate planning services, allowing you to protect your assets and support your loved ones beyond your lifetime.
Our Services Include:
Estate Tax Planning -- While you are likely already considering ways to grow your wealth throughout your lifetime, it is also important to plan ahead to prevent wealth erosion after your death. If you want to preserve your wealth and distribute your assets to your beneficiaries as you see fit, work with a CPA who specializes in estate planning. At Chandler & Knowles, we have extensive experience in advanced tax planning and offer a wide range of estate planning services.
Gift Tax Planning -- Many people choose to make gifts of their financial assets over the course of their lifetime in order to minimize their taxable estate. However, if your annual or lifetime gifts exceed a certain value, you will have to pay a gift tax. For example, anyone who gives gifts exceeding $16,000 in 2022 will need to file a gift tax return. There are certain gifts that are tax-exempt and strategies for spreading gifts out over the course of several years to avoid taxes, and Chandler & Knowles can help you identify legitimate ways to avoid or minimize the gift tax.
Living Trust Creation -- By placing financial assets in a living trust, you can prevent those assets from going through probate, the potentially lengthy process of identifying and inventorying property after one’s death. A living trust allows you to transfer assets to a separate, tax-exempt legal entity during your lifetime so that your beneficiaries can receive their inheritance in a timely manner. For many, creating a living trust is an essential part of estate planning, and Chandler & Knowles can assist you in creating this document that will allow you to support your loved ones even after you’re gone.
Non-Profit Tax Return Preparation -- If you run a non-profit, your organization should be tax-exempt. However, you will still need to file an informational tax return (Form 990) on an annual basis. If you fail to file this form three years in a row, you risk losing your tax-exempt status. Our certified public accountants at Chandler & Knowles can help you file Form 990 correctly and ensure that it is submitted by the annual deadline.
Turn to Chandler & Knowles CPAs for Tax and Estate Planning Solutions
It’s easy to miss opportunities for potential tax savings if you aren’t working with an experienced certified public accountant. When you work with Chandler & Knowles CPAs, our professional team will help you identify legitimate ways to protect and grow your wealth, whether you are looking for ways to minimize your taxes this year or reduce your estate tax in the future.
Spread the Word:
"I recommend Chandler & Knowles CPA's without hesitation, and we look forward to working with Rochelle, Kristy and the rest of the C&K staff for another 7 years and beyond!"
~ Tony Rex, CEO of Medical Experts of Texas, P.A./Premier Inpatient Management Services, LLC
They are a great company to trust with all of your tax needs. They are good people and I enjoy my relationship with them. And it truly is a relationship, not just a service I use once a year.
~ Rick Schenck, UPS Business Owner
Great people. Effective. Efficient. Competent. Unlikely you would find a better, or even equal, CPA firm in the DFW Metroplex, and likely in the State.
~ Todd Benton
"The staff at Chandler & Knowles CPAs could not be better! They are always friendly, accommodating, and efficient. Their quick return/response time is greatly appreciated, as customer service is an uncommon practice during this day and time."
~ Tracy Richards