Maryann Schugmann directs both the Trust and Estate Division and the individual tax group within the firm. Long considered a specialization within tax, trusts and estates involves more than tax returns. Estate and succession planning help to expedite the process of transferring assets to the intended beneficiaries while minimizing gift and estate taxes. Estate Administration incorporates guidance for the Executor, marshalling of assets, paying creditors, paying estate and inheritance taxes, funding testamentary trusts, distributing the assets to beneficiaries and preparing fiduciary accountings in compliance with the Surrogate's Court.
The increasing complexity of the tax code has made estate and succession planning critical elements in financial planning. Maryann is highly acclaimed within the legal and accounting community for her expertise and has been instrumental in the growth the firm has experienced in these disciplines. Maryann not only has the technical ability to excel in this field, she also has the interpersonal skills required when dealing with clients at a time when emotions may impact decisions.
Maryann is also the partner in charge of the individual (1040) tax department and manages the resources of that department to meet all filing deadlines while satisfying the needs and expectations of each and every taxpayer.
Education
BA in Mathematics - Hunter College of the City of New York
MBA in Professional Accounting, Fordham University
Certifications
Certified Public Accountant (CPA)
Memberships
American Institute of Certified Public Accountants
New York State Society of Certified Public Accountants
The Estate Planning Council of Rockland County, Inc.
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