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Jerry Meador
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conomy has los
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June 29th aft
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the year. Th
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workers active
2.6%. That is a
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obs were creat
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/2015
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e looming new
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ter the news o
worst down day
ting created a
we have becom
closed Tuesday
e prospects fo
mic growth an
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inued to suffe
nderemploymen
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mployment rate
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News
E. Thousand O
ousand Oaks, C
5) 496-5474
5 495-1852 Fax
w.mfaws.com
dom is that ec
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points. Marke
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opinion to se
y
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e 257
Page |
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as a CPA
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as continued t
ered by his firm
Why Boo
om Their P
Retirement:
d as long as th
o have a retirem
s standards. H
ives pursuing h
retiring in thei
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ations: Not co
fic, how much
omers’ parents
ugality and c
ent. In stark
de travel, vaca
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much more ex
have expected
ull risk that the
Wealth S
rry Meador
eador, Jr.)
achelors in
ccounting in 1
e started his c
ccounting w
ormerly Peat,
itchell, CPA
warded the C
ublic Accounta
1978. After s
ublic accountin
ivate industry
manufacturer
Controller.
e worked wit
businesses in
ent positions.
offerings.
MBA at CSUD
and Licen
and personal t
vices, as wel
t services. In F
Certified Fina
to expand the
m.
mers’ Ret
Parents
Many peopl
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ment that woul
How many spen
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ir 60s can expe
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s were Depres
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ation homes, n
xpensive. Ther
xpensive retire
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y would not be
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(Malcolm G
completed h
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976 at CSULB
career in Publi
with KPMG
, Marwick &
A’s). He wa
CPA (Certifie
ant) designatio
several years i
ng, Jerry entere
y. In 1980, h
where he spen
th a number o
various senio
Two of thos
DH. He entered
nsed Financia
tax compliance
ll as financia
February 2005
ancial Planner
e financial and
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le in previou
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, June 30, 20
Page
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3. Page | 3
Estate Planning Beyond the Documents
For years the goals set for estate planning has been primarily
the creation of legal documents or in some cases
implementation of tax strategies. While those are critically
important financially and to avoid probate complications, there
are other planning items that are often overlooked.
The largest of the consistently overlooked planning items is
maintaining the correct title on property and setting beneficiary
designations on retirement assets, life insurance and annuities.
In the jargon of estate planning this is called “funding.” The
failure to fund an estate plan is the primary reason my clients
and I are required to visit the courthouse.
Very often the title to a house or other property, even if initially
funded, changed when the mortgage was refinanced. Lenders
may refuse to loan on a property held in a trust or there is the
necessity for a co-borrower. Sometimes a child is added as a
joint tenant. Regardless of the reason, the title to the property
is changed and no longer works with the estate plan because
proper funding wasn’t maintained.
Another item that is often unplanned or unknown are the
planner’s wishes for final arrangements. The decisions for
making funeral arrangements are commonly stressful and can
be the source of anger and discontent among the family. Even
a few words about whether a person wishes a burial, cremation
or other arrangement and the choice of service can make the
whole process easier for your loved ones.
Because funeral arrangements are often made within 1-3 days
after a death, having the information available is critical.
Recently, in two different cases the deceased had carefully
planned their own final arrangements, bought a final resting
place and in one instance purchased pre-paid funeral services.
However, no one knew these arrangements had been done. It
was not until several months later that the information was
discovered while their houses were being prepared for sale.
Personal property such as jewelry, china, silverware,
collections, tools, sports equipment, paintings and all the other
things we acquire during our lives is a particular source of
conflict when someone passes. Very often the anger that tears
a family apart starts with conflict over the division of personal
property. In my own family, three sisters stopped talking with
each other over, among other things, milk bottles their mother
had collected.
As you might imagine jewelry are particularly contested items.
The questions of who gets mom’s wedding ring or dad’s watch
are common issues in dividing an estate. Photo albums, before
the ability to digitize photographs, were the cause of many
fights. Firearms cause issues and potential liability because of
the regulations controlling their transfers.
Facebook, Pinterest, Twitter, Google Drive, blogs, websites and
the dozens of other digital, social, properties that were used by
the deceased can cause stress and frustration for loved ones.
How do you access the account, who owns it, and who controls
are issues that are becoming more and more common. In my
practice I have had fights over such accounts concerning
whether or not to leave them up, take them down, or whether
they should be changed or left as a memorial. Each of the
companies who run those sites has different and changing
policies concerning the accounts of deceased person that can
add to the frustration and confusion.
As with all things, change is a constant. One client compared it
maintaining a house. It isn’t just enough that everything works
on the day you move in. You have to change the light bulbs,
paint it, mow the lawn and trim the trees. More and more I find
that updating an estate plan is not as much about changing the
trust or will, but rather making sure that the funding and all the
other items of an estate plan are still in place as time passes.
In my practice, we have created a process to keep our clients’
estate plans current and functional. Often that requires working
with a client’s financial advisor, CPA, and human resources
department but we have found that clients gain a sense of peace
knowing that they have done everything possible for their loved
ones.
Planning your estate is good, keeping your plan up to date is
even better.
Michael E. Garner, Esq.
Certified Specialist in Estate Planning, Trust and Probate Law
MFA Wealth Services Tuesday, June 30, 2015

4. Page | 4
About Our Firm
Over the past 15 years we have experienced a period of rapid
growth and development. The breadth and depth of the services
we provide have continued to expand to satisfy the growing
needs that you, our valued clients, have expressed. Some of you
may not be aware of the depth of services we provide. We
thought it would be helpful to outline those services for you.
The Meador Financial Group is comprised of a closely
aligned group of independent professionals dedicated to
providing comprehensive financial services. The independent
members of the group are described below:
Meador Financial, Inc., dba Meador & Associates and MFA
Wealth Services - is an independent Registered Investment
Advisory (RIA) firm providing advanced wealth services,
including financial planning and wealth/asset management. The
founder, Jerry Meador, is both a CPA (Certified Public
Accountant) and CFP (Certified Financial Planner) and co-
partner in Tone, Walling & Meador, LLP. The supporting staff
includes licensed financial professionals, other CPAs and CFPs.
Tone, Walling & Meador, LLP - is an independent partnership
of Certified Public Accountants (CPAs) providing accounting,
bookkeeping, tax preparation and auditing services. Combined,
the three founding partners have more than 100 years in the
accounting industry.
Cornerstone Law Center, Inc. - is an independent law firm
providing clients with business and estate planning solutions.
The founder, Michael Garner, has practiced more than 20 years
as an attorney, is a Certified Specialist in estate planning, trust
and probate law, and holds a CFP® (Certified Financial
Planner) designation.
We combine, coordinate, implement and manage the services
described. Our clients have access without the burden of
managing independent professionals. In doing so, we provide
advanced solutions efficiently and effectively.
As your most trusted advisors, we look forward to providing a
powerful array of essential financial services to you.
Independent Professional Team
Members
Meador & Associates (Meador Financial, Inc.)
Certified Financial Planners
Offering Financial & Estate Planning
Wealth Management Services
www.mfaws.com
Jerry@mgmcpa.net
(805) 496-5474
Tone, Walling & Meador, LLP
Certified Public Accountants
Offering Tax and Accounting Services
www.twmcpa.com
shenley@twmcpa.com
(805) 496-5474
Cornerstone Law Center, Inc.
Offering personalized Estate, Trust and Business
Planning Services
MGarner@CornerstoneLawCenter.com
(888) 686-7526
Catalyst Lending, Inc.
Karen Card, Loan Officer
Kcard@catalystlending.net
www.karencard.com
(714) 505-2508
Meador Financial, Inc., dba MFA Wealth Services and Meador &
Associates is a Registered Investment Advisor and offers Securities
through United Planners Financial Services Member: FINRA,
SIPC. United Planners does not offer tax or legal advice. Meador
Financial, Inc. does not offer legal advice. Meador Financial, Inc.,
Cornerstone Law Center, Inc. and United Planners are non-affiliated
companies
MFA Wealth Services Tuesday, June 30, 2015