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Recent Posts
What Retirees Should Consider After Selling Their Business

Completing a successful business exit is often the result of many years of hard work and advanced planning. This process is known as business succession planning and when undertaken with the support of an experienced and qualified financial team, advisors and attorneys can allow you to close one chapter of your life, but successfully open

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See more
How To Prepare Mentally To Sell Your Business

Maybe you’re thinking ahead about retirement or are simply no longer challenged by what’s offered in your business. Perhaps there is someone ready in waiting, ready and waiting to step into the role of leader, such as a family member, or a trusted employee. But financial considerations and simply feeling like it is the right

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Why A Financial Plan Is So Important For Addressing The Possibility Of Disability

Many people recognize that big factors in their life, such as what they want to achieve with estate planning, and their own retirement goals will influence their financial plan. But it can be a big mistake to neglect the possibility of disability. One in four US adults already lives with a disability. This presents unique

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PROFESSIONAL FIDUCIARY SERVICES

SAPC may serve as a trustee or Personal Representative for clients. These services are specific to your estate planning documents & circumstances. Please schedule a consultation to discuss your matter.

The determination of who will be the trustee of your trust is a very important decision. The person who becomes your trustee will have to oversee administrative tasks, determine when distributions are made and be cognizant of the tax and trust laws that affect the administration.

Sometimes, our clients are at a loss in selecting a non-professional trustee because their inner circle does not include anyone they trust in this role or do not want to burden any one person with this responsibility. In limited instances we agree to serve as a successor professional trustee. Note that this is a very different role from Shah & Associates, P.C. serving as attorneys to the trust.

As attorneys to the trust, we represent the trustee in advising them in their role, while, as an appointed professional trustee, we take on the fiduciary duty to serve in the best interests of the beneficiary and take on the responsibility of all trustee duties.

PROFESSIONAL TRUSTEE SERVICES BENEFITS INCLUDE:

  • Professional guidance through the administration of their or their loved one’s Trust;
  • Assurance that the Trust is properly administered, thereby reducing liability exposure;
  • Ensure that their loved one’s wishes are properly carried out;
  • Relieve family members from trust administrative burdens;
  • Continued relationships with the client’s advisors including financial and accountant professionals;
  • Remove the tension that may exist between family members by providing a professional process for the administration;
  • Explain trustee provisions including permissible distributions and pertinent terms;
  • Help the beneficiary understand the client’s legacy goals;
  • Work with the beneficiary to understand goals and objectives and how trusts are best used;
  • Maintain asset information and accounting of distributions, fees, taxes and cost basis of assets for tax filings;
  • Timely file and pay taxes in conjunction with the CPA;
  • Provide statements to beneficiaries;
  • Pay trust expenses including professional advisory fees, insurance, etc.;
  • Ensure that distributions are made in the most advantageous and tax efficient manner;
  • Determine when and how distributions are made, as permitted by the trust.
Recent Posts
What Retirees Should Consider After Selling Their Business

Completing a successful business exit is often the result of many years of hard work and advanced planning. This process is known as business succession planning and when undertaken with the support of an experienced and qualified financial team, advisors and attorneys can allow you to close one chapter of your life, but successfully open

Read More

See more
How To Prepare Mentally To Sell Your Business

Maybe you’re thinking ahead about retirement or are simply no longer challenged by what’s offered in your business. Perhaps there is someone ready in waiting, ready and waiting to step into the role of leader, such as a family member, or a trusted employee. But financial considerations and simply feeling like it is the right

Read More

See more
Why A Financial Plan Is So Important For Addressing The Possibility Of Disability

Many people recognize that big factors in their life, such as what they want to achieve with estate planning, and their own retirement goals will influence their financial plan. But it can be a big mistake to neglect the possibility of disability. One in four US adults already lives with a disability. This presents unique

Read More

See more