Tax and financial matters in planning your estate can become increasingly complex especially as you get older or accumulate more wealth.
Certain professionals will offer the expertise, skills and support to help you create estate plans and it goes beyond having a relationship with an estate planning attorney. Some of the professionals that you’ll need to form relationships with or revisit include:
- An estate planning attorney to interpret the laws related to wills, probate, trusts and taxes.
- A CPA who can understand the tax implications of your current or intended estate plans.
- A trust officer in the event that you plan to have trust administration in your estate to discuss investment and personal aspects of fiduciary relationships.
- A charitable gift planner that helps to present your philanthropic giving opportunities.
- A life insurance professional or financial advisor to discuss how life insurance can be used both to build your estate and provide for immediate funds in the event of your sudden passing.
- An elder lawyer who can help you determine what strategies you need in place for the purpose of estate planning and elder law concerns like long term care.
If you don’t already have these people in your network you might be able to form a relationship with an estate planning attorney who can help to refer you to some of these other professionals. The important thing is that you have a relationship with a lawyer who understands your unique needs and can help direct you to build relationships with these other professionals as needed.
Contact our Massachusetts estate planning and elder law firm for personal support and strategy.
