The thing with making legal and financial arrangements for your heirs to receive upon your death is it can be as simple as a will or as complex as the irrevocable trusts. In choosing the best option for estate planning, you have to have professional advice, one that depends ultimately on the goals of your planning. That being said, it is either an attorney or a CPA or both who can help you in finding a solution.

Seek an attorney first. They can help you understand the legal issues of your estate plan according to your needs besides creating plans to protect not only the immediate heirs but also future generations.

Additionally, if you get an attorney, you in fact ensure that your estate will be distributed as per your wishes and not some generic plan of the state like some 60-75% Americans suffer from unknowingly. This is especially important because state laws differ in every state so your attorney would know your residential place well to make decisions from that perspective.

The Smart Strategy: Asking For A CPA in Lake Nona, Fl

Where estate and gift tax laws tend to change regularly, a CPA is familiar with the intricacies of these laws. Hence, they can give more sophisticated planning for the maximum savings on your estate within your lifetime.

When individuals seek the supervision of a CPA, they are seeking a more intimate commitment. For one, accountants make it a point to see their clients at least every four months usually. Sometimes, however, a year may pass by. Attorneys, on the other hand, are not subject to such ongoing, personal relationships and may limit themselves to finite projects only.

This can largely be attributed to the fact that the accountants maintain their client’s financial information for them and can instruct them about topics like estate and gift planning without making them uncomfortable. Unlike attorneys, CPAs are also able to verify whether their clients are complying with and acting with respect to the estate plan that has been mapped out for them.

Given that the CPA is to participate in the administration as well as distribution of the assets by representing the family and/or next generation of their clients, it only makes sense for the CPA to understand the basic estate plan and pave the way for a smooth transition. The degree of participation in terms of ownership and management becomes the determining factor for the enterprise to judge them by.


A CPA is the ideal candidate to get involved with the gift giving program, trust administration, life insurance, and posthumous effectiveness of the estate plan apart from the general (and traditional) services including income tax planning, auditing, and report preparation.

The advanced education combined with the experience that other professionals in the estate planning community (life insurance agents, attorneys, accountants, financial planners, trust officers) offer, prepares a CPA in Lake Nona, Fl with a variety of techniques and concepts thus making these professionals extremely valuable as fiduciaries and advisors for their clients.

If you need more information about our Lake Nona, FL accounting and tax services, please contact us at 407-502-2400. Freedomtax Accounting’s staff has been providing honest accounting services and tax services for 15 years. Our Orlando accounting and tax firm has its main offices in Kissimmee, FL. Our services are provided nationwide, but mainly in the Central Florida market to areas like Orlando, South Orlando, Kissimmee, St. Cloud, Poinciana, Clermont, Davenport, Hunters Creek, Lake Nona, Celebration, Winter Park, Windermere, Dr. Phillips, Maitland, Altamonte Springs, Winter Garden, Ocoee, Apopka, Belle Isle, Edgewood, and Oakland FL. Our tax accountants and IRS enrolled agents (irs ea) specialize in corporate accounting and bookkeeping, tax services, tax preparation, back taxes help, tax debt relief, tax resolution, tax planning, itin number, incorporations, and non profit 501c3 tax exempt. (Freedomtax’s accounting and tax professionals are not CPA’s. CPA services provided by third party provider.)


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