• Taxation and reporting in regard to the trust is relevant mainly to one who is serving as a trustee of the trust and not only to the beneficiaries or the creators of the trust.

    Barzily & Co. is skilled in assisting the trustee with handling, consultation and examination of the tax liability.

    Proper classification of the trust has a decisive effect on the obligation to report and on the tax liability. This issue is one of the most complex tax issues and, therefore, an accountant must know the trust and handle it expertly, with advance planning and accompaniment for the entire life of the trust.

    The Tax Department at Barzily & Co. has vast experience with preparation of the yearly tax returns for a trustee and with professional advice to the clients, some of whom benefit from and create trusts.