Austin Accountants & CPA Advisor

Estate Planning & Accounting

In order to protect your wealth for future generations, a specialist accountant who is an estate planning consultant is exactly the person you will need to seek. He or she can provide strategies and innovative approaches to sometimes difficult and complicated situations, whether they involve your business or your family—or both, as they very often do.

Estate planning consultants can provide a wide range of estate planning and trust services that are designed to ensure that their clients’ wealth and assets are protected so that they ultimately reach the rightful, intended recipients. Estate planning services are designed to simplify the process of succession issues, as well, as they provide comprehensive asset protection and wealth management services.

Estate planning includes a wide range of services, including:

• Business succession planning
• Asset protection
• Estate and trust administration
• Establishing relationships with attorneys and banks
• Trust consultation for living, irrevocable, marital, and land trusts
• Fiduciary compliance
• Gift services
• All related tax services and filings
• Ongoing administrative services

While estate planning services are utilized by both individuals and businesses of all sizes, a large number of estate planning clients are small to mid-sized family-owned businesses that seek help in transferring accumulated wealth in an equitable manner. It is a highly specialized area of the accounting field and, therefore, not surprising that estate planning consultants must have extensive expertise and practical experience in the field.

Estate planning requires not only a sound knowledge of financial and tax management—it also requires an understanding of the human elements involved with these transitions. Estate planning consultants bring the right mix of both to the situation and are indispensible to anyone seeking to plan ahead and preserve wealth in a legal, ethical, intelligent manner.