McCallum & Kudravetz, P.C. provides a wide range of services to individuals and businesses in a variety of industries. At McCallum & Kudravetz, P.C., we strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment.
Our professional services include:
- Estate and Trust Planning
- Real Estate Acquisition, Development and Finance
- Conservation Easements
- Tax Management and Tax Preparation Services
Estate and Trust Planning
Effective estate and trust planning can ensure financial security for loved ones. For businesses, it can maintain a smooth succession of ownership. McCallum & Kudravetz, P.C.'s role is to help you navigate the complex and shifting tax laws to facilitate the transfer of assets. Everyone should have a well-thought-out plan as to how to distribute the assets left in one's estate so as to avoid complications and to be sure that the individual’s wishes are followed. Having your estate thoroughly and carefully planned will ensure that your loved ones don't have any complications to deal with during a time of loss.
The attorneys at McCallum & Kudravetz will work with you to create an estate plan to ease the burden on your family when you are gone and to distribute your assets as you wish. When you meet with one of our estate planning attorneys, he or she will discuss your specific circumstances, and then draft a will, trust, advance medical directive, and/or power of attorney tailored to your needs. If you wish, the attorney will also guide you through the process of re-titling your assets and changing your beneficiary designations in order to maximize the benefits of your estate plan.
Estate and Trust Administration
Our attorneys may assist you during the administration of an estate. The attorneys will guide you through the process of qualifying as executor, completing the necessary probate filings and tax returns, if necessary, and distributing the assets. We also work with trustees to administer various types of trusts.
Real Estate Acquisition, Development and Finance
Our experienced real estate attorneys and paralegals will guide you through the acquisition and finance process. We work with property owners, purchasers, sellers, developers, landlords, and investors at all points of real estate ownership. We specialize in commercial real estate; however, we do assist our clients with the purchase and sale of their personal residences in certain situations.
Real Estate Exchanges
Thinking of acquiring a new real estate investment? Considering whether to dispose of an existing real estate investment? Our attorneys who specialize in real estate exchanges will help you evaluate whether a real estate exchange (also known as a tax-free exchange, like-kind exchange, or Section 1031 exchange) may be right for you.
Owners of large pieces of real estate or farms with a desire to conserve their natural resources often place conservation easements on their properties. We have worked with various agencies, including the Virginia Outdoors Foundation, Albemarle County Public Recreational Facilities Authority, Historic Green Springs District, the Department of Forestry, and the Department of Historic Resources, to prepare conservation easements. In addition to the conservation benefits, there are federal and state tax benefits. We can help with the preparation of the necessary tax forms for federal purposes, as well as registration for the Virginia Land Preservation Credits.
Business and Corporate Planning
Your business entity has a large impact on your taxes and other liabilities. From your company's inception through its growth and development, McCallum & Kudravetz, P.C. can advise you on choosing an entity type and later restructuring if advantageous. With our knowledge and expertise, you will always be receiving the most advantageous entity type for the functions your business performs.
Business transactions and transitions are complicated affairs, and whether you're buying, selling, or considering a potential merger, McCallum & Kudravetz, P.C. can provide professional know-how to help you successfully structure and negotiate the deal. McCallum & Kudravetz, P.C. employs careful analysis and due diligence to determine a fair asking price, pinpoint the most favorable tax structures, evaluate financial and cash flow impact, and assess compatible business functions and tactics. Expanding or contracting your business is a huge undertaking. With our expert advice, you can make the right business decisions for your business for optimum success.
Tax Management and Tax Preparation Services
At McCallum & Kudravetz, P.C., we guide our clients through a full range of tax planning and preparation decisions with strategies that minimize your tax liabilities, maximize your cash flow and keep you on track to your financial goals. Our expertise, experience, analysis and thorough research allow us to optimize financial opportunities to be found in existing as well as recently altered tax laws. We are knowledgeable and up to date on the tax laws and can make sense of your receipts, bills and notices. We prepare tax returns for individuals, trusts and estates, partnerships, and corporations.