ESTATE PLANNING AND TRUSTS
Stephanie L. Cooker
Carmines, Robbins & Co. PLC, Newport News
Title: Estate and trust manager
Education: Bachelor’s degree, Virginia Tech
Husband: John B. Cooker
Children: Megan, 12; David, 10
Pets: Labrador named Lexi
Hobbies: Reading mystery novels
Favorite vacation spot: Sunset Beach, N.C.
Fan of: “My children’s baseball and softball teams”
Recently read book: “Crossfire” by Dick Francis and Felix Francis
First accounting job: Co-operative education accounting intern for the U.S. Army Corps of Engineers at Fort Norfolk
When is it appropriate for a client to set up a trust?
“Trusts are simply one tool that estate planners can use to help a client meet specific goals. While all clients share a desire to minimize taxes, sometimes other, more compelling reasons exist for setting up a trust. A trust can help provide a safety net for lifetime contingencies such as a temporary or permanent disability. Trusts also can provide financial security for loved ones while ensuring competent management of assets and minimizing exposure to liabilities. The decision to establish a trust should be made only after considering the client’s financial and personal goals.”
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