Michele P. Ferrara, CPA, is a principal in the Private Wealth Services group, a division of MBAF’s Tax and Accounting department. With nearly three decades of experience in the public accounting profession, she concentrates on income tax planning and compliance for individuals, trusts, estates, partnerships, corporations, and private foundations.
Michele has a keen ability to help clients develop wealth preservation strategies to shield them from unnecessary income and transfer taxes. She has extensive experience in estate planning matters focusing on wealth succession planning, charitable giving strategies, asset protection techniques, and family business continuity for individuals with significant high personal net worth. In addition, Michele has decades of knowledge working with fiduciary and partnership formation, accounting, and compliance matters, and has represented clients at the federal and state levels for income, gift, and estate tax examinations.
Michele acts as the liaison for all the members of her clients’ estate planning team including attorneys, insurance advisors, investment professionals, actuaries, and appraisers. Through these coordinated efforts, she ensures the proper implementation of the strategies developed into an overall integrated plan.
- American Institute of Certified Public Accountants
- Boca Raton Estate Planning Council
- Florida Institute of Certified Public Accountants
- City of Boca Raton – Financial Advisory Board, 2011-Present, Secretary; Citizens Oversight Board, Secretary
- Junior League of Boca Raton – Sustaining Member; Past Vice President of Finance, 1995-1996; Past Treasurer, 1993-1994
- Georgia State University – Master of Taxation
- Furman University – Bachelor of Arts in Accounting
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Naming a Minor as Beneficiary of a Life Insurance Policy or Retirement Plan Can Lead to Unintended Outcomes
A common estate planning mistake is to designate a minor as beneficiary — or contingent beneficiary — of a life insurance policy or retirement plan. While making your young child the beneficiary of such assets may seem like an excellent way to pr ...Explore
If you're planning to make significant charitable donations, consider a donor-advised fund (DAF). A DAF offers many of the tax and estate planning benefits of a private foundation, at a fraction of the cost. Most important, a DAF allows you to take a ...Explore
Some surveys indicate that more than 30% of all charitable giving occurs in December, and that over 10% of donations are made in the last three days of the year. The year-end holiday spirit may be a factor in the early winter philanthropy, but taxes ...Explore