Growing With Our Clients for 75 Years

Estate and Gift Tax Planning

W&D provides a high level of specialized tax expertise for you, your family and your business across a wide range of complex areas.

Estate & Gift Tax Planning

Estate and gift tax planning is critical to ensure that a person’s property passes according to his/her wishes, in a form and manner which is consistent with family and business goals and with the minimum possible loss to gift and estate taxes.

W&D's Estate & Gift Tax Planning Services

Our goal is to help you achieve the most advantageous future financial position. W&D’s estate and succession planning professionals help address the following key areas:

  • Developing efficient gifting strategies to meet both family and philanthropic goals
  • Assessing generation-skipping transfers
  • Identifying appropriate uses for a variety of trusts and ensuring proper implementation
  • Reviewing all estate-related documents (wills, trusts, etc.) to ensure estate tax efficiency and compliance with client wishes
  • Assisting with all gift and estate tax-related compliance services, including preparation of Form 706, Form 709, Form 1041, Form IH-6, etc.
  • Assessing retirement strategies
  • Determining distribution plans for IRAs, 401(k) and qualified plans

Business succession planning

W&D has in-depth experience with helping businesses transition from one generation to the next. Learn More.

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Related Information

Succession Planning
Business Valuation
Wealth Management

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The Idea Exchange Blog
What the New Tips and Overtime Deductions Mean for You
What the New Tips and Overtime Deductions Mean for You

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IRS releases critical guidance on calculating tips and overtime deductions for 2025 The One Big Beautiful Bill Act (OBBBA) creates new income tax deductions for tax years 2025 through 2028 for qualified cash tips and overtime compensation. If you receive tips or overtime pay, you likely have questions about whether you’re eligible for a deduction and how big it might be. The IRS has…

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Accountants | Auditors | Consultants | CPAs - Warady & Davis LLP is a Top 25 Chicago CPA Firm that provides audit, accounting, tax and consulting services to privately-held businesses, high net-worth individuals across the United States, including Chicago (IL), Milwaukee (WI) and surrounding areas. The firm provides a variety of accounting, tax, audit, technology, forensic, consulting and advisory services to guide businesses toward their goals. W&D's industries served include construction, healthcare, medical and dental practices, nonprofits, manufacturing, real estate, wholesale & distribution and closely-held businesses.