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An estate planning professional in addition be assist or help you plan the estate carefully and smartly. To find a qualified estate planner, check in your own state or local bar association for a local Certified estate planning attorney, or try the state CPA link. NAEPC offers a list of members which earned the special designations AEP (Accredited Estate Planner) and EPLS (Estate Planner Law Specialist).
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Michael: Living trusts are the walls for just about every estate idea. Depending on the size and composition on the estate, additional estate planning may be necessary. Therefore, there are ILITs (irrevocable life insurance trusts), FLPs, LLCs, GRATs (grantor retained annuity trusts), CRTs (charitable remainder trusts), and a large host of other estate planning options.
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She got caught up by the sales pitch on the seminar (I think had been a discount if you signed up before the seminar was over) and paid for getting a revocable living trust, pour-over will, and medical care bills and financial powers of attorney.
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The biggest mistake I made is that I should have assembled a stronger team of financial advisors both before during and after the sale was consummated. I really didn't think about which unfortunately. And I bet you most entrepreneurs cannot.
Our own marketing survey of financial advisors says that "building trust" important to growing their practice. But are you aware that only 34% of Americans now believe that folks can be trusted? That's according to a survey by sociologist David Halpern.