Daniel B. Capobianco is both an attorney and CPA and is currently licensed to practice in Massachusetts, Louisiana and Florida. Dan’s business model and philosophy is helping families, individuals, and businesses preserve a lasting legacy through highly personalized and comprehensive plans. Dan has been a resource for families and businesses who seek to plan for and protect that which is most important to them.
His practice focuses on advising clients with respect to a wide range of issues relating to wills and trusts, sophisticated estate planning, trust administration, corporate and partnership tax matters, charitable planning & giving, private foundations, supporting organizations, life insurance issues and general tax matters.
Estate planning is the process of organizing and managing your assets and affairs to ensure that your wishes are honored after your passing or in the event of incapacitation. It includes creating documents like wills, trusts, powers of attorney, and healthcare directives to protect your loved ones, minimize taxes, and streamline the transfer of your estate.
Estate tax planning involves strategies to minimize the taxes your estate may owe upon your passing, ensuring more of your assets go to your beneficiaries rather than to taxes. This planning includes utilizing trusts, gifts, and other financial tools to reduce the taxable value of your estate.
Asset protection involves legal strategies designed to safeguard your wealth from potential creditors, lawsuits, and other risks. By utilizing tools like trusts, business entities, and exemptions, asset protection ensures that your personal and business assets are shielded from unforeseen financial challenges.
Form 706 and Form 709 are tax returns related to estate and gift taxes. Form 706 is used to report and pay estate taxes after someone passes away, while Form 709 is used to report and pay taxes on gifts given during a person’s lifetime.
A life insurance trust is a legal entity that holds a life insurance policy outside of your estate, helping to manage and distribute the policy’s proceeds according to your wishes. By placing the policy in a trust, the death benefit can be excluded from your taxable estate, potentially reducing estate taxes.
A business succession plan is a strategic process that prepares for the smooth transition of ownership and management of a business in the event of the owner’s retirement, death, or incapacitation.
Charitable trusts and foundations are legal structures designed to manage and distribute assets for philanthropic purposes. These entities allow you to support causes you care about while providing potential tax benefits.
Tax audit and disputes involve the process of addressing and resolving issues that arise when tax authorities review your financial records. During a tax audit, the accuracy of your tax filings is examined, and disputes may occur if discrepancies or disagreements are found.
