Successfully settling an estate is a team sport. No single individual has all the answers, and trying to manage everything alone is a recipe for stress and costly errors. As an attorney, you are the legal quarterback, but a successful outcome depends on having two other key players on your team.
For a seamless, efficient, and financially sound probate administration, every estate needs this “A-Team”: The Attorney, the CPA, and the Real Estate Specialist.
- The Attorney: The Legal Strategist You are the cornerstone of the entire process. You navigate the complex court system, advise the executor on their legal duties, and ensure every action taken is in full compliance with the probate code. You create the legal framework that protects the estate and its beneficiaries.
- The CPA: The Financial Guardian The financial health of the estate is paramount. The CPA plays a critical role in preparing the final tax returns, advising on capital gains implications from the sale of assets, and ensuring all financial accountings are in order. Their expertise protects the estate from tax liabilities and ensures the beneficiaries receive their rightful inheritance.
- The Real Estate Specialist: The Asset Maximizer When real estate is involved, this role is crucial. A probate specialist does far more than sell a house. We act as the project manager for the estate’s largest asset. We provide court-ready valuations, manage the property, handle complex negotiations, and navigate the specific legal requirements of the sale. We work in synergy with you and the CPA to turn the physical property into liquid assets for the estate, maximizing its value while minimizing liability.
Why Synergy Matters When these three professionals work in lockstep, the results are powerful. The CPA can advise on the tax implications of a sale, the attorney can ensure the sale is legally sound, and the real estate specialist can execute a strategy that meets both legal and financial goals. This collaborative approach prevents miscommunication, reduces delays, and leads to a better outcome for your client.
As you advise your clients, encourage them to build their A-Team from the start. A cohesive team of specialists is the single best investment an estate can make.
I am experienced in collaborating with top legal and financial professionals. I welcome the opportunity to be a valuable member of your team.