Estate Planning

Scholl, Chyo & Company as Certified public accountants act as advisors to individuals, businesses, financial institutions, nonprofit organizations and government agencies. As CPA's we are distinguished from other accountants by stringent educational, experience and licensing requirements.

Estate and financial planning can best be done by a team of professionals who work together. Scholl, Chyo & Company is a key player on the estate planning team, along with a lawyer, a bank trust officer, an insurance agent and an investment advisor. Scholl, Chyo & Company has knowledge of the tax implications of decisions you make in structuring your estate. We can help assure that you meet your estate planning goals of minimizing the taxes and maximizing the portion of your estate that passes to your heirs.

Today's unstable dollar and widely fluctuating markets have made accumulating, preserving and disposing of wealth more difficult than ever before.

Sound financial and estate planning can help preserve the financial security that you are working so hard to achieve. It's important to plan for the disposition of property during your lifetime and upon your death. With effective planning, you can minimize the tax burden on your estate and know that your beneficiaries will receive everything that the law allows.

An essential part of lifetime planning is making sure that only appropriate assets pass to the survivors. Certain businesses and investments may be impractical or impossible for a grieving family to manage. Scholl, Chyo & Company can assist you in putting your affairs in order in the most effective way to provide for loved ones and friends.

Effective financial planning is essential. An estate you consider of modest value today may well become very sizable when measured in inflated market values at the time of your death.

Scholl, Chyo & Company can assist you with many of the facets of your estate plan. Consider the following.

• Do you know that if you die without a will, disposition of your property in accordance with state law might not be what you desire?

• Does your plan reflect your current marital status?

• Has proper use been made of joint ownership of property? Have you considered the income and gift-tax consequences of setting up, transferring or selling joint interests?

• Have trusts been used to your advantage?

• Have beneficiaries and ownership of life insurance policies been properly designated?

• Does your estate plan provide for enough liquid assets in your estate to pay estate taxes?

• Does your estate plan take state taxes into consideration?

Estate and gift taxes are imposed on the current value of property. You can save taxes by making a current gift of some of your property if the property given is likely to appreciate substantially in the future. If you have a number of beneficiaries in mind, a gift-giving program using the annual gift-tax exclusion can help minimize taxes on a substantial portion of your estate.

Scholl, Chyo & Company’s role in estate planning does not necessarily end at the client's death. There are the deceased person's final income tax return, the estate tax return and the income tax return of the estate to prepare. Scholl, Chyo & Company may be involved in the estate valuation process and work with the executor and attorney on the many opportunities for tax savings following the date of death. Again, the goal is to maximize the portion of your estate that passes on to your heirs.

Scholl, Chyo & Company also may become involved in IRS audits and in the administration and tax planning of the estate.

Estate and financial planning require specialized knowledge in many areas. Because of Scholl, Chyo & Company’s close relationship with our clients in personal financial affairs and in personal income taxes, Scholl, Chyo & Company can make a vital contribution to the overall direction and coordination of the entire financial and estate planning team.

That team of professionals can develop a strategy to conserve, increase and, ultimately, pass on your estate with maximum tax savings. Start the team effort by contacting Scholl, Chyo & Company.

FREE Consultation & FREE Business Health Test

Learn for yourself, with absolutely no obligation, how Scholl, Chyo & Company can help you and your business prosper. We offer a free initial consultation, at your office or ours, covering the topics that matter most to you. We'll even use your current financial statements to perform a no-charge Business Health Test and provide you with a written report about your particular situation.

No Surprises

Nobody likes unpleasant billing surprises from their professional advisors. That is why, for many projects and ongoing work, you will be quoted a flat, all-inclusive, fee for our services.

Our Guarantee

If, for any reason, you are not satisfied with the quality of our service you will pay nothing for that service. You are the final judge!

Are you ready to experience a new and profitable approach to your accounting and business processes? Give us a call at 831-758-5966, 800-747-5967 or email info@schollcpa.com   for your free consultation and Business Health Test.

Bret Scholl, CPA, Certified Public Accountant, QuickBooks Certified Pro Advisor, tax preparation, QuickBooks training, QuickBooks classes, accounting, bookkeeping, outsourced bookkeeping, Scholl, Chyo & Company, Bridge21, Bridge 21, Valuestar, Forensic Accountant, audit, tax returns, tax tips, financing, financial planning

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