Estate Planning & Trust Services
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With our comprehensive Trust Administrative Service program, we help successor trustees navigate the complex maze of legalities and paperwork required to properly execute a trust and honor the wishes of the grantor. Our professionally trained experts will use the utmost care when contacting and communicating with beneficiaries, including charitable organizations. Harik Thompson CPAs will help you marshal the assets, manage the trust’s accounting, prepare the estate’s taxes, and assist in determining its distributions.
You can be assured that we’ll leave no stone unturned by performing a thorough review of previous tax returns, broker statements, bank statements, and estate planning documents. Our accounting reports are prepared in accordance with Generally Accepted Accounting Principles and the requirements of the Probate code. You can rely on us to guide you through this difficult transition with professionalism and compassion. Governing a Family Trust When you’ve just experienced the grief of losing a loved one, there are so many logistics to take care of – notifying family and friends, planning the funeral, and making arrangements with the mortuary. Yet as the Successor Trustee, you are legally required to comply with the terms of the Trust in a timely manner. Trust Administration responsibilities begin the day the Trustor passes away. Failure to comply with the terms of the Trust can result in significant personal liability for the Successor Trustee and important tax implications. Thompson CPA eliminates these risks by marshalling assets, determining and arranging beneficiary distributions and reporting, and taking care of the decedent’s final expenses and taxes. Don’t let your financial plans and legacy be cut short without warning. Custom Estate Planning for Your Unique Situation We study your portfolio and estate details, liabilities, relationships, and desires to develop the comprehensive plan that is uniquely yours. We listen first, research, recommend and stand ready to support any actions you need or changes you want to make – now or in the future. Don’t Wait Until You Can’t Most of us know stories or have first hand what it is like when someone passes without leaving a will or properly organized estate plans. Did he or she really want to leave a treasured asset, jewelry, home or bank account to a specific family member? Will the State take control of the assets? How many years will it drag out in probate court? Often people wait until they reach retirement age or after their kids are well along before planning for estates or trusts and transition. But accidents can happen at any time and life can be cut short without warning. Begin planning now. Don’t wait until it's too late. |
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