Estate & Trust Planning and Administration
How can Hoyman Dobson help?
"Day in and day out you make the world a better place to be. You always do so much to make sure that people's lives are easier and filled with happiness."
Vivian K. (one of our clients) in a note to Gina Rall
Estate, Trust & Long Term Care Planning:
- Help you organize and take care of your financial life so you and your family are prepared when you can no longer handle your affairs.
- Facilitate conversation to help you address important issues such as the care of your loved ones upon your death or incapacity.
- Collaborate and work with your team of trusted professional advisors (Wealth advisor, Legal advisor etc.) or be a referral resource for highly qualified professionals that will help you create your team of advisors if you don’t already have them in place.
- Assistance in choosing a Personal Representative and/or Trustee
- Gift planning
- Succession planning
- Determining the size and taxability of your estate
- Assisting your beneficiaries in wealth preservation to continue your financial legacy to children, grandchildren and future generations
- Charitable giving
Estate & Trust Administration
- Gathering information to summarize the assets and debts
- Preparing the federal estate tax return and the applicable state returns
- Preparing a decedent’s final income tax return
- Preparing fiduciary income tax returns
- Determining the distribution of assets
- Post-mortem estate planning
- Assisting in the funding of a trust
- Working with your attorney and other financial advisors as a team
- Preparing required estate, guardianship and/or trust accountings
- For more information contact Gina Rall, Tax/Estate&Trust Director. Email or call 321-426-3023
Estate, Trust and Long Term Care administration is a reality and responsibility we all might rather avoid. However the experience does not have to be complicated and difficult for you and your family.
- Choose your team of trusted professional advisors – Choose a CPA, Wealth advisor and Legal advisor that will work together with you and your family as a team in implementing your goals. The right support and guidance is crucial to help you and your family through difficult times ahead when you are not able to personally provide them with this guidance yourself.
- Select your Personal Representative and Trustee carefully. Deciding who will succeed you in managing your affairs is a very important decision. The job can be time consuming, complex and a huge responsibility. Qualities you should consider when choosing the person for this role is a person(s) that will be respectful of your intentions when you are not there to explain them yourself. They also need to be objective and fair in the treatment of beneficiaries in order to protect all of their interests during the course of administration.
- Plan now. Make sure you have documents (Will and/or Trust Agreement) in place that reflect your intentions and wishes when you can no longer have control of these things for yourself. Share your estate plan with those that will be carrying out your intentions and wishes after you can no longer do this yourself.
- Long term care plan. Determine and communicate your thoughts and ideas about how you envision your long term care. Long term care can financially and emotionally wreak havoc on the family and services are confusing, fragmented and difficult to obtain without the right resources. You can avoid much of this by having a plan for your care and determining how that plan will be financed and implemented when the time comes.
- Peace of Mind. With the right plan and advisors in place, you will rest comfortably knowing that your affairs are in order and your wishes are carried out when you no longer can handle these things.
"Gina has also worked with my lawyer and me to help me understand what needed to be done to get my trust and estate plan in the best possible shape for my future and my children’s futures. With the tax situation as it is, this has been invaluable!" Camden Gooch, 2010