Estate, Trust & Gift Tax Compliance for Collier County Families

Trust and estate tax, done with the discretion Naples families expect

Do you run a local contracting company or own a favorite restaurant here in town? You already juggle payroll, inventory, and Southwest Florida’s seasonal shifts. We understand how exhausting it gets to manage a business while also handling a family inheritance.

That extra layer of Estate & Trust Tax filings catches many local families off guard.

Our team handles Form 1041 fiduciary income returns, K-1 beneficiary statements, and gift tax returns every day. You will get clear guidance without the jargon. We handle them all quietly, carefully, and coordinated with the attorney and advisor you already use.

Estate and Trust Tax Services for Collier County

Form 1041: Fiduciary income tax returns

Every estate or trust with sufficient gross income files Form 1041. We prepare returns for several trust types:

• Revocable trusts during the grantor’s life
• Non-grantor irrevocable trusts
• Simple and complex trusts
• Charitable trusts

The IRS requires this filing for the 2026 tax year if the trust generates just $600 or more in gross income. Our work includes preparing the Schedule K-1s for beneficiaries with clear explanations of what flows to their personal returns.

A beneficiary needs to know exactly what numbers to hand to their personal CPA. See Form 1041 explained for the framework.

Form 706: Federal estate tax

When a Florida estate exceeds the federal estate tax exemption, Form 706 is required. We coordinate the valuation work, deductions, credits, and portability elections in conjunction with your estate attorney.

The 2026 federal exemption jumped to $15 million per person under the One Big Beautiful Bill Act. Our team helps married couples file this form to elect portability, which lets a surviving spouse secure up to a combined $30 million exemption.

Portability allows a surviving spouse to add the deceased spouse’s unused $15 million exemption to their own, creating a powerful $30 million tax shield for the family.

You can protect more of your family’s hard-earned wealth by filing correctly.

Form 709: Gift tax

Gifts above the annual exclusion require a gift tax return. We handle Form 709 preparation including lifetime exemption tracking.

The 2026 annual exclusion sits at $19,000 per recipient, meaning you can give this amount to any number of people without reporting it. Our process reconciles these lifetime gifts with your eventual Form 706 so nothing gets missed.

Grandparents often use this rule to fund 529 college savings plans for their grandkids.

Coordinated wealth planning

The tax return is only the visible piece of the puzzle. We work alongside your estate planning attorney, financial advisor, and the next generation of beneficiaries.

This ensures the position taken on the return supports the broader estate plan. See estate and gift tax for Collier County families and the revocable vs irrevocable trust comparison to learn more.

Form	Purpose	2026 Filing Threshold
Form 1041	Estate & Trust Income	$600 Gross Income
Form 706	Federal Estate Tax	$15 Million Exemption
Form 709	Gift Tax	Exceeds $19,000/Recipient

Why Naples-specific matters

Florida’s unique combination of attributes creates situations a general-purpose preparer in another state will rarely see. We deal with large seasonal populations, significant foreign property ownership, and strong asset-protection laws daily.

A local landscaping business owner has very different succession needs than a corporate executive up north. Our background as a specialized professional service team means you get advice from people who understand the local market.

• Snowbird domicile decisions tied to property passing to heirs.
• Step-up in basis considerations on appreciated Southwest Florida commercial real estate.
• Multi-generational gifting strategies using the $19,000 annual exclusion.
• Foreign beneficiaries with specific US withholding obligations.
• FIRPTA intersections on inherited or trust-held US property.

Those foreign property transactions require extreme care. We see buyers penalized because they did not know the 2026 FIRPTA rules require them to withhold 15% of the gross sales price when buying from a foreign seller.

See also International Tax & FIRPTA. We do not have to look these obscure regulations up from scratch.

How we work with you

Estate & Trust Tax work involves sensitive family details and hard-earned business assets. We approach every single case with absolute discretion.

Your family deserves clear answers instead of confusing tax codes.

• One point of contact. You will work with a small, consistent team instead of handing your family’s files around a large agency.
• Direct attorney coordination. We connect with your attorney early so the tax position aligns with the estate plan, not against it.
• Clean K-1s. Beneficiaries and their personal CPAs need K-1s they can easily use. Ours include clear explanations so their personal returns are right too.
• Multi-year visibility. Trust returns compound over time. We track basis, capital loss carryovers, and accumulated income across years.

Engagement

A business owner needs a clear starting point for Estate & Trust Tax preparation. We work either on a one-off return basis for a single 1041 or 706, or as an ongoing fiduciary preparation engagement for trusts that file annually.

Either way, the first conversation is a free discovery call to understand the structure and identify what is needed. Our firm also coordinates broader financial strategies to protect your hard-earned assets.

If you also need Financial Planning for Florida residency, retirement, and tax-led wealth strategy, we coordinate that work too. Book a confidential discovery call for a direct response within 48 hours. We look forward to helping you protect your family’s future.