Chris Cooper

CFP®, ChFC, EA, MSFS
Retirement, Taxes, Lifestage Based Planning
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72
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5
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“With over 15 years of experience in the financial world, Chris Cooper writes books, speaks and consults on the most pressing issues seniors and baby boomers face.”
Firm:

Chris Cooper & Company

Job Title:

President

Biography:

Chris Cooper is a passionate advocate for people trying to meet the often crushing costs of medical care. He found his passion early on, while working in nursing homes and hospitals. After completing paramedic training and obtaining a nursing degree, he pursued his interest in how people could finance health care, primarily acute care. He realized that chronic long-term care leads to financial devastation for many people, especially retirees.

Chris is a professional fiduciary licensed with the state of California. As a professional fiduciary, Chris works with seniors, disabled individuals and others who can’t manage their affairs on their own. He assists them with everything from day-to-day financial issues to investment and estate management. Chris is also the founder of Eldercare Advocates, which provides geriatric care management and long-term-care consulting. 

Chris holds a Masters of Science in financial services with specialization in estate planning and a graduate certificate in Gerontology. He is a CERTIFIED FINANCIAL PLANNER™ certificant and is enrolled to practice in audit and administrative proceedings before the Internal Revenue Service and state and local taxing authorities.

Chris is a member of the National Association of Personal Financial Advisors, and an associate member of the California Society of CPA’s, the Los Angeles County Bar Association, and the San Diego County Bar Association. 

Chris has been a regular guest on CNBC, and is regularly quoted in newspapers and magazines nationwide. 

Education:

MSFS, American College

Fee Structure:

Fee-Only

Disclaimer:

Licensed by the California Fiduciary Bureau

All Articles
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July 2017
    Estate Planning, End of Life
September 2017
November 2017
October 2018
October 2018

All Answers
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    Estate Planning, Taxes, End of Life
What are the implications of being named the sole heir on a will and asked to distribute the estate equally among my siblings?
100% of people found this answer helpful

This is a horrible estate plan.  First of all, you figured out that if you die before your sister, and you hadn't distributed her estate before you died, then your sister's estate and your estate would be distributed by YOUR WILL or the laws of intestacy, if you don't have a Will.

But a worse thing that could happen is this:  you become imcompetent, and a probate court appoints a guardian or conservator over you and your estate (which now includes your sister's estate if she died before you but after you became incompetent.)  The probate court does not know of your verbal instructions from your sister, NOR DOES IT CONSIDER ANY SUCH VERBAL ORDERS, so your sister's estate will then be used to care for you, even if it is all gone!

So, get your sister to a competent estate planning attorney and have her write a proper Will that spells out what she wants to happen after her death.   Also, have the attorney review her Durable Power of Attorney and health care directives as well.  And while you're at it, review your own estate planning documents!

2 weeks ago
    International / Global, Taxes
Are there any tax implications I am required to execute for receiving payments for foreign transactions?
100% of people found this answer helpful
September 2018
    IRAs, Taxes
If I missed the deadline for my 2017 required minimum distribution (RMD) but did withdraw in January 2018, do I include the RMD as income in my 2017 or 2018 tax filing?
60% of people found this answer helpful
March 2018
    Choosing an Advisor, Taxes
How do I find the right financial advisor for me?
50% of people found this answer helpful
May 2018
    Retirement, Annuities, IRAs, Taxes, End of Life
I received money from my sister's annuity after she passed and it went into an IRA of mine; how do I transfer half of this amount to a sibling?
50% of people found this answer helpful
September 2018