Estate Planning Services
Many changes in the estate tax structure in the recent past has effected the CPA’s role in estate planning. Clients understand that they can perform many basic tax and accounting functions themselves. After all, this is the age of the computer. What you cannot offer yourself is the service and guidance we provide at Smith & Waggoner. You can trust us to guide you toward a fruitful retirement and protect your legacy and family.
An accountant’s job during estate planning is to offer solutions and innovative ways to protect their clients. They also provide support to attorneys representing their clients. To that end, estate planning isn’t just a consideration in advanced years. It’s something adults of any age can begin preparing for.
Furthermore, we won’t be working alone. We deal directly with local estate attorneys and financial planners. Together we can prepare long term care plans, establish Trusts and keep your quality of life in your retirement years.
Your see your accountant at least once a year at tax time. In fact, you probably return to the same place each year. When you have a bond of trust with your CPA, you’ll feel comfortable with the advice they provide. Additionally, because we see our client’s taxes every year, we know a lot about their lives and see changes and signals. For instance, if you just had a child, we’ll know because we manage your dependents. It’s a perfect time to ask about a Will and estate planning. This is just one example of how a CPA can add to your long term planning.
Deep Tax Knowledge
Estate attorneys certainly understand the tax structure related to estates. They may not have a full picture of what can be done to solve potential problems in other areas of the tax system. By involving us in your estate planning, we can offer advice to your attorney on your behalf.
Estate Planning Details
Yet another reason CPAs are assets to estate planning relates to our attention to detail. Specifically, we love numbers. Numbers are our language and we can spot nuanced changes that could make a big difference.
Your estate planning involves not only your retirement years, but what you leave behind for your family. With proper planning you can gift them with memories and resources instead of burden them with confusion and debt.