David Holland

David has worked in the financial field since 1991. He first served as a professional trustee in 2007. He loves to help people develop and implement estate planning strategies that provide for their families and favorite charities. David brings an unusual combination of experience to his role as trustee that includes over two decades of work as a financial planner, investment adviser, and insurance agent. His professional credentials include:

Certified Public Accountant
Personal Financial Specialist
CERTIFIED FINANCIAL PLANNER(tm)
Chartered Financial Consultant
Certified Trust and Fiduciary Adviser
Master Certified Independent Trustee

David offers professional fiduciary services in four distinct areas:

#1: Consulting – Many people, especially those with significant assets and special circumstances, know that they should do estate planning, but often they do not know where to start. David helps clients explore how they can fulfill their legacies and address their situations. He calls this the “Who, What, When, and How” of estate planning. This service includes documenting the clients’ desired plans (for more efficient meetings with the attorney of their choosing). Upon request, David also recommends attorneys that he believes would be a good fit based on the clients’ needs and preferences.

#2: Acceptance – Very often, clients do not have someone they trust to adequately serve them as trustee or executor/personal representative. They might have a friend or family member who can be their power of attorney, healthcare surrogate/proxy, and/or agent for their living will/advanced directive, but these folks are usually not experienced with financial and legal matters. Frequently, clients simply want a neutral third-party. In other situations, there is an existing trust that needs a new trustee. David and his team can coordinate with Client’s attorney, review Client’s estate documents, assist with the re-titling of Client’s assets, and can accept the roles of trustee, successor trustee, and/or executor/personal representative.

#3: Administration – David utilizes a step-by-step process when providing estate and trust administration. Typical duties include:

1. Obtaining Death Certificates
2. Filing Original Will with Court
3. Hiring an Estate Attorney
4. Formally Accepting Fiduciary Roles
5. Obtaining EIN/Tax ID Number
6. Opening Estate/Trust Account
7. Corralling Client’s Assets
8. Initiating Probate as Necessary
9. Notifying Social Security and 3rd Parties
10. Addressing Outstanding Obligations
11. Identifying and Notifying Heirs
12. Sending Initial Accounting to Heirs
13. Forwarding and Handling Mail
14. Claiming Insurance Benefits
15. Liquidating and Closing Accounts
16. Deducting Administration Fee
17. Identifying and Paying Client’s Debts
18. Canceling Unneeded Insurances/Services
19. Securing Unoccupied Property
20. Identifying and Securing Personal Property
21. Addressing Online Accounts
22. Hiring a Realtor to Sell Real Estate
23. Re-titling Vehicles into Client’s Trust
24. Selling Automobiles and Other Vehicles
25. Dealing with Firearms
26. Distributing Personal Property
27. Disposing of Unwanted Assets
28. Preparing, Filing, and Paying Tax Returns
29. Preparing and Providing Final Accounting
30. Making Distributions to Heirs

#4: Trustee – Many people who create trusts do not want all the money to be disbursed immediately after their death. They may also need their monies managed during a period of incapacity. As trustee, David can retain assets in the trust and provide ongoing oversight and administration. Responsibilities may begin during Client’s lifetime (due to Client’s incapacity, voluntary resignation, or when a Trust is created and funded for the benefit of others) or after Client’s death (if funds are to be held in a Trust and managed for beneficiaries). Typical trustee duties include:

1. Making Trust Assets Productive While Balancing Costs, Liquidity, and Flexibility
2. Hiring Service Providers (e.g., Investment Advisers, Realtors, and Attorneys)
3. Communicating with Trust Protector/Director and Other Parties as Appropriate
4. Coordinating with Client’s Healthcare Proxy/Surrogate for Care Needs
5. Making Distributions to Client or to Others on Their Behalf
6. Making Distributions to Beneficiaries or to Others on Their Behalf
7. Exercising Sound Judgment in Discretionary Distributions to Beneficiaries
8. Preparing and Filing Tax Returns; Ensuring Trust Taxes are Paid
9. Providing Tax Related Information to Beneficiaries
10. Sending Accounting and Financial Statements to Beneficiaries and Other Parties

When named as a trustee or executor, David’s CPA firm partner, Steve Tacinelli, is often named as his back-up in the clients’ trust and will.

Required Disclosures: David provides trust and estate services in an individual capacity and not as the owner or an affiliate of a trust company or bank. He is an investment adviser representative of Holland Advisory Services, Inc., a registered investment advisory firm. Insurance products are offered through Holland Insurance Services, Inc. Accounting and tax preparation services are offered through Holland, Tacinelli, CPAs, P.A. David is a licensed Certified Public Accountant with the State of Florida Board of Accountancy and is a CERTIFIED FINANCIAL PLANNER™ Practitioner in good standing with the Certified Financial Planner Board of Standards. Certified Financial Planner Board of Standards Inc. (CFP Board) owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design), and CFP® (with flame design) in the U.S., which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.