Estate and Trust Tax

Absolutely. Acting as your central tax specialist, we share secure, real-time data with legal and investment teams, making sure estate or trust strategies align across all professional services. This collaboration avoids duplicate work, conflicting advice, and communication gaps. Whether updating a will, adjusting investment portfolios, or finalising probate, our coordinated approach streamlines decision-making and keeps every stakeholder informed. By integrating with your current advisors, we deliver a unified plan.

First, we obtain the deceased’s final date-of-death valuation for all assets and reconcile any outstanding income. Next, we prepare the date of death return, plus any subsequent estate returns until final distribution. This includes calculating capital gains on property or shares sold after death and claiming applicable offsets. TTO liaises with executors, banks, and share registries to gather statements, making sure of accurate reporting. Our goal is a seamless lodgement that allows beneficiaries to receive their entitlements without unnecessary delay.

Absolutely. As an inheritance tax accountant, we guide you through calculating tax liabilities on assets passed down to heirs, factoring in exemptions and deductions. We clarify the often-confusing legal aspects, from determining each beneficiary’s share to completing necessary forms. Our approach focuses on minimising tax burdens while adhering to all legal requirements. By staying updated on changes in tax legislation, we make sure your estate’s distribution remains efficient, transparent, and fair for everyone involved.

While some tasks can be handled on your own, having estate accountants provides insight into legal and financial nuances. TTO Financial Solutions understands specific regulations making it easier to resolve issues quickly. Our on-the-ground presence also means you have personal access to our experts for meetings or urgent consultations. This partnership helps us tailor solutions to your unique circumstances, ensuring a smoother experience during what can be a difficult time.

When a person passes away, their estate must settle tax obligations before distributing assets. A deceased estate tax return ensures any outstanding income, capital gains, and other tax liabilities are accurately reported. TTO Financial Solutions coordinates with executors to value assets, organise paperwork, and meet lodgement deadlines. This process helps avoid legal complications and makes sure that beneficiaries receive the correct amounts.

A trust tax accountant offers specialised knowledge in preparing financial statements, calculating distributions, and lodging returns, ensuring your trust remains compliant. At TTO Financial Solutions, we also assess the trust’s performance to identify potential tax efficiencies or financial risks. By setting up clear reporting structures and documentation, we streamline ongoing management and reduce the likelihood of disputes among beneficiaries.