Nah, we won’t lecture but we do think you should involve your personal and practice CPA in the process.  Enough said.
But, I do want to touch on what I consider a neglected but essential part of estate planning – a letter of instruction.
Although tax planning is extremely important, it is not the nucleus of financial/estate planning (did I really just say that). You should be primarily concerned with the welfare and security of those you care for and how they may be protected by wills, trusts, and other tools of the planning team.  But this CPA has noted that no matter how carefully attorneys and other professional advisors plan their own affairs, all too many, if not most, neglect to include another valuable document – the letter of instruction.   Click on the attached file to continue reading.