Jack and Diane Smith are in their mid-50’s. Jack’s father, Thomas, recently passed away. Jack is named as the executor of his father’s estate. Jack isn’t sure exactly what he’ll need to do to handle his father’s estate, so he hires Greg of Freyman CPA and a local law firm to assist him in all of the legal and financial matters related to the estate.
Greg and the lawyers review the legal documentation related to Thomas’ estate. They review his will, and the trusts that he set up for his grandchildren. Greg had acted as Thomas’ accountant, and worked with him years ago to establish a trust that could help avoid probate. The lawyers and accountants review documents related to Thomas’ assets and liabilities, including the title and deed to his home, and his investment statements.