Estate & Gift Tax
Estate, gift, individual and fiduciary income
Founded in 1938 as Florida’s first dedicated tax law firm, Donahoo & McMenamy, P.A. specializes in estate, gift, individual and fiduciary income, and generation-skipping transfer taxation. Our focus on taxation supports individuals, families, businesses, partnerships, estates, and trusts in navigating the complex areas of tax law that impact estate planning and administration.
Approach
We provide personalized guidance to help clients manage the tax implications of estate and trust administration, ensuring beneficiaries are prepared for potential tax obligations. With in-house preparation of Federal income tax returns, our integrated approach streamlines the process, offering clients a comprehensive service that builds lasting relationships. Our expertise ensures that timing and strategies align to maximize tax efficiency for all parties involved.
Goal
Our goal is to help clients develop and maintain optimized estate and gift tax strategies that adapt to changing circumstances and laws. By offering ongoing advice and proactive planning, we aim to safeguard our clients’ wealth and ensure smooth transitions for future generations.
Promise
We are dedicated to simplifying the complexities of estate and gift taxation while maximizing tax efficiency for you and your beneficiaries. Through personalized guidance and proactive planning, we ensure your wealth is protected and your legacy is preserved for future generations.
A quick guide to our process
Step 1
Initial consultation
- Conduct an initial meeting to discuss the client’s specific tax situation
- Collect prior year returns and relevant information to address the current tax situation
- Gather all necessary tax and financial details required to prepare and file the current return
Step 2
Preparation and review process
- Evaluate and discuss the information provided to ensure it is sufficient for filing
- Prepare draft returns for client review, iterating as needed to ensure accuracy
and completeness - Use comparative scenarios, when helpful, to optimize tax planning and outcomes
Step 3
Ongoing oversight and filing
- Regularly monitor the progress and status of each return through internal meetings
- File returns that are complete, accurate, and compliant with applicable laws
- Maintain a strong reputation with the IRS and Florida Department of Revenue, ensuring most returns are accepted as filed
Guaranteed confidentiality
As in any communication between attorney and client, all discussions, planning and information collected are held in the strictest of confidence.