Involves professional responsibility-legal ethics and tax

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Reference no: EM133574002

Sullivan is in a complex situation that involves professional responsibility, legal ethics, and tax law. Here's a step-by-step analysis of what he should do:

1. Client who has passed away: Sullivan should immediately contact the executor or personal representative of the deceased client's estate. He should explain the situation and the potential implications of the IRS's new regulations. It may be necessary to seek legal advice or guidance from a tax professional to understand the potential tax implications and to determine the best course of action. If the estate plan is already being executed, it may be too late to make changes, but there may be other remedies available.

2. Client who moved away: Sullivan should make every reasonable effort to locate this client. This could include hiring a private investigator, conducting online searches, or reaching out to known contacts of the client. If the client cannot be located, Sullivan should document his efforts and consider seeking legal advice about his obligations and potential liability.

3. Remaining clients: Sullivan should contact these clients as soon as possible to inform them of the situation. He should explain the potential implications of the IRS's new regulations and offer to revise their estate.

Reference no: EM133574002

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