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The Berman Buzz

Berman Hopkins Merges with Felsing, Broadens Its Estate Planning Expertise


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FOR IMMEDIATE RELEASE

November 9, 2023


ORLANDO, Fla., November 9, 2023 – After 65 years in business, Berman Hopkins CPAs & Associates (Berman Hopkins) proudly stands as one of Central Florida’s most effective locally-owned and independently-run CPA firms. With a commitment to long-term succession planning and expanding client services, Berman Hopkins is pleased to announce the successful merger of Felsing LLC (Felsing), a well-established, award-winning estate planning CPA firm in Winter Park, Florida.


This strategic merger is a significant milestone in Berman Hopkins' journey, further strengthening its position in the region and reinforcing its mission to tailor services to meet the distinct needs of its clients. Additionally, it unites two teams of exceptionally skilled professionals who share a commitment to excellence, integrity, and client-centric service.


"We are thrilled to welcome the talented professionals of Felsing to our team," said Chris McDirmit, Managing Partner of Berman Hopkins. "This merger is a testament to our unwavering commitment and dedication to continuous growth and improvement. We look forward to leveraging the collective strengths of both firms to deliver even greater value to our clients and the Central Florida community."


Experts in Estate Planning and Trusts

Leveraging decades of experience in public accounting, combined with an ever-evolving grasp of financial and tax solutions, Felsing has built a strong reputation for its expertise in estate planning and trust matters. With this merger, clients from both firms will benefit from a comprehensive range of accounting, tax, consulting, and financial planning services geared toward estate planning and trusts services, all under the trusted Berman Hopkins brand.


Carol Felsing, Managing Partner of Felsing, will join Berman Hopkins as a tax partner, bringing with her a team of professionals who will continue to deliver a high level of expertise. This strategic move ensures a seamless transition for Felsing's existing clients, preserving the high-quality service they have come to expect.


"We are excited to join Berman Hopkins,” said Carol Felsing, Managing Partner of Felsing. "Joining forces will not only facilitate our growth but also enhance the value we offer to our clients. We look forward to this new chapter."


Empowering Your Financial Legacy

In today's rapidly changing economic landscape, Berman Hopkins is committed to clients' future growth and planning with a range of new and enhanced offerings. Through these specialized estate planning tax services, the combined team will simplify the process and provide tailored solutions to help achieve unique financial objectives for a well-prepared future.


The expanded estate planning services now include:

  • Estate Tax Planning: We assist in developing estate plans that ensure the client’s wishes are respected, presenting a range of individualized planning options. Our strategies minimize estate taxes, protect beneficiaries from potential creditors and claims, and allow you to leave a legacy for your family. We adopt a collaborative approach by partnering with attorneys, insurance professionals, and investment advisors to ensure a well-rounded and effective estate planning process.

  • Trustee and Personal Representative Assistance: We offer Trustee/Personal Representative support, helping them navigate the maze of duties associated with their role. Our services include preparing estate and trust accounting for the Trustee/Personal Representative, obtaining valuations and appraisals of estate assets, and ensuring strict adherence to the tenants outlined in the estate planning documents.

  • Gift Tax Planning: We work with clients to help determine the best mechanism for gifting, which may include direct gifting to beneficiaries, establishing Irrevocable Trusts, exploring charitable options, and more. Our approach keeps in mind estate and income tax-efficient strategies and the utilization of the unified tax credit.

  • Generation-Skipping Transfer Tax: We help you navigate the complexities of generation-skipping transfer tax and explore strategies to minimize its impact on your wealth transfer to the next generation.

  • Preparing Estate Tax Returns and Trust Income Tax Returns: We prepare the required IRS tax reporting forms, often identifying opportunities for maximizing tax savings between the two returns. Additionally, we provide beneficiaries with crucial information regarding the stepped-up basis for inherited assets and conduct reviews to explore alternative valuation date options.


For media inquiries, please contact:

Alisha Crabtree

crabtree@bermanhopkins.com

321-757-2020



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