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The attorney should be one who specializes in estate planning. It will be the attorney's role to draft legal documents such as wills and trusts and provide legal advice.
The accountant knows the most about the estate owner's financial affairs. The accountant can foresee and discuss the tax consequences of a suggested estate plan.
The insurance agent provides guidance into the estate plan and how much and what type of insurance should be considered to meet the estate owner's estate liquidity and survivor income needs.
The trustee's duties include conserving and managing estate assets. The trust officer helps set up and maintain trust arrangements according to a trust document prepared by the attorney.
Neither State Farm® nor its agents provide tax or legal advice.
Customers should consult their own tax or legal advisers regarding their specific situation.
State Farm Life Insurance Company (Not licensed in MA, NY or WI)
State Farm Life and Accident Assurance Company (Licensed in New York and Wisconsin)
Home Office, Bloomington, Illinois
IL - 35.1