estate planning review
Who should help me with my estate planning documents?
- Can I do it myself? Yes. It is possible for a person to do his or her own estate planning with forms or books obtained at a stationery store or bookstore or from the State Bar. At the very least, a review of such forms can be helpful in preparing you for estate planning. If you review such materials and have any unanswered questions, however, you should seek professional help.
- Do I need a professional’s help? It depends. If you do seek advice, keep in mind that wills and trusts are legal documents that should only be prepared by a qualified lawyer. Many other professionals and business representatives, however, may become involved in the estate planning process. For example, certified public accountants, life insurance salespersons, bank trust officers, financial planners, personnel managers and pension consultants often participate in the estate planning process. Within their areas of expertise, these professionals can assist you in planning your estate.
The State Bar urges you, however, to seek advice only from professionals who are qualified to give estate planning advice. Many professionals must be licensed by the state.
Ask the professional about his or her qualifications. And ask yourself whether the advisor might have an underlying financial incentive to sell you a particular investment, such as an annuity or life insurance policy. Such a financial incentive could bias that professional’s advice.
Unfortunately, some sellers of dubious financial products gain the confidence and private financial information of their victims by posing as providers of estate or trust planning services.
About the Author
Shatford Law has proven themselves capable of working with the largest and most complex cases for clients of all sizes, and maintaining day-to-day consultation on more routine matters. Attorney’s at Shatford Law are exceedingly active and help clients with estate planning and business transactions in the Southern California area and play an important role in helping families preserve their wealth through the strategic planning.. Please see more details here www.shatfordlaw.com
Tax issue over?
What does this mean? we paid off the IRS on some capital
gains we owed and didn’t know existed until our ex-partner
was audited.
Just got this letter from Dept. Of Treasury
We have reviewed and accepted the examination report
for year…
We do not plan to make any additional changes to your return unless we change a partnership, S-corp. trust or
estate tax in which you have interest.
Thanks Guys!
It means that they are done with your audit (or the partnership’s audit that you are part of).
The rest is the standard disclaimer that says you may still be affected if they audit any other taxable entities that you are part owner or beneficiary of.
Estate Planning — Review Your Living Trust Every 4-5 Years
MAPC to review plan at meeting
ENID — A review and update of the 2025 Comprehensive Plan is under way and will be looked at during the Metropolitan Area Planning Commission meeting tonight.