YAHNIAN ESTATE PLANNING
The Estate Planning Attorney/CPA/CFP® Advantage℠
ESTATE PLANNING & ADMINISTRATION SERVICES
D. STEVEN YAHNIAN, ESQ
Attorney/CPA/CFP®/JD/LLM (Tax-NYU)/CERTIFICATE (Tax-UCLA)/BS Accounting (USC)
Certified Specialist by California State Bar Board of Legal Specialization:
– Estate Planning, Trusts and Probate Law
ESTATE PLANNING & ADMINISTRATION SERVICES
“Unless (prepared for), there is uncertainty as to where (your) assets and liabilities will end up when (you) die. The best way to eliminate some of that uncertainty is by having a properly prepared estate plan that incorporates planning for the accumulation, protection, and disposition of wealth.” –Dalton, Estate Planning
“There is no ‘one-size-fits-all’ estate plan or estate administration process. Many plans and planning tools work well for a majority of clients. Some work well for many clients. Others work well for only a few. Only an experienced attorney knows the difference and how to design, prepare, implement and operate a customized estate plan or how to conduct an estate administration appropriate for a given client.” STEVE YAHNIAN, Attorney/CPA/CFP, Yahnian Law Corporation
Estate Planning is a 4-step process:
- First, is:
- ascertain client objectives;
- gather information;
- review client answers to estate planning questionnaires;
- review documents;
- ascertain and distill relevant facts;
- organize facts,
- factual and legal analysis,
- Estate Planner written opinion, blueprint and recommendations.
- Second, is plan preparation.
- Third, is plan implementation; and
- Last, is plan monitoring following implementation.
Estate Planning also involves planning for Protecting Assets, Postmortem Asset Structures and Management as well as Implementing the Estate Plan. –Steve Yahnian
Another commentator states: “Estate planning is broadly defined as the process of accumulation, management, conservation, and transfer of wealth considering legal, tax, and personal objectives. Estate planning is planning in anticipation of a person’s inevitable death. The goals of estate planning are the effective and efficient transfer of assets. An Effective Transfer occurs when a person’s assets are transferred to the person or institution intended by the transferor. An Efficient Transfer occurs when transfer costs are minimized consistent with the greatest assurance of effectiveness. Some estate planning experts define estate planning more narrowly to include only conservation and transfer, ignoring the accumulation factor in the broader definition above.” Dalton, Estate Planning
When a person dies, all of his or her possessions – real estate, money, stocks, personal belongings, etc. – become a part of his or her estate. Estate administration refers to the process of collecting and managing the estate, paying any debts and taxes, and distributing the remaining property to the beneficiaries and/or heirs of the estate. The beneficiaries of an estate are determined by will, and if there isn’t a will, by the intestacy (which means dying without a will) laws of each state. The beneficiaries of a trust are determined by the Trust.
Whenever a person dies, his or her estate needs to be collected and managed. Estate administration involves gathering the assets of the estate, paying the decedent’s debts, and distributing the remaining assets. When someone passes away, his or her estate often goes through a court-managed process called probate or estate administration where the assets of the deceased are managed and distributed. If the decedent owned his or her assets through a well drafted and properly funded living trust, it may be that no court-managed administration is necessary. Instead, similar to a will probate, the living trust will be administered. The length of time needed to complete the probate of an estate or living trust administration depends on the size and complexity of the estate and the local rules and schedule of the probate court, tax laws and other applicable laws.
Steve Yahnian has handled a substantial number of estate matters over the years. He has specialized in preserving and increasing client wealth, counseling on business succession, protecting client assets and minimizing their taxes.
STEVE YAHNIAN is both an Attorney and a CPA, and also possesses the CFP (Certified Financial Planner) designation. All of the knowledge that those certifications and designations represent is brought to bear as Mr. Yahnian analyzes, designs, plans, prepares, organizes, implements and instructs on the operation of an estate plan or represents an estate during an estate administration. Mr. Yahnian, as a CPA, also prepares tax returns, many quite complex and sophisticated. As a result, he prepares and is cognizant of the issues involved in the preparation of gift tax and estate tax returns.
Other Advisors, CPAs and Attorneys often refer their clients or client situations to STEVE YAHNIAN when the estate issues or problems are beyond their experience, time constraints, workload or skills. At their request, we either take over the matter completely or alternative, remain in the background reviewing their work, the situation or circumstances, as they develop, thus enabling the other professional who engages us to assist them, more effectively address the issues, or represent their clients and reach a successful resolution and/or obtain an optimum result.
YAHNIAN ESTATE PLANNING serves as the estate information resource and conduit for those seeking estate planning or estate administration services, from the more modest sized estates to the extremely wealthy. Once you contact YAHNIAN ESTATE PLANNING, you will be referred to either YAHNIAN LAW CORPORATION or DSA ACCOUNTING for the appropriate professional services.
YAHNIAN ESTATE PLANNING is, among other roles, an estate planning and administration Advocate. Our client objective: Strategically and creatively design and prepare estate plans, and efficiently and effective administer trusts and estates. As always, another of our objectives is to legally minimize or reduce taxes. We do this by using knowledge of the law, experience, cutting edge learning, and multi-faceted legal practice areas of business law, estates law, real property law, tax, asset protection, and oftentimes, family law, In addition to this, STEVE YAHNIAN is also a CPA (California). This means he is cognizant of accounting principles and puts them into practice where advantageous in planning or administering estates. We accomplish all of this by reviewing the spectrum of applicable law and planning strategies, both conventional and cutting edge. Then, by putting into practice these planning techniques we purpose to design estate plans and in the correlative, reduce our clients’ taxes. We also handle probates, trust administrations, and fast track estate administrations when the estate representative comes to us for those type of services.