Our Story
A Life-Changing Diagnosis
In February 2005, my Dad was diagnosed with pancreatic and liver cancer. The doctors gave him less than three months to live. Suddenly, our family faced a reality none of us were prepared for, and the clock was ticking in a way that changed everything.
A Difficult but Important Conversation
Amid this crisis, my Dad asked me what I wanted to do about his finances. Over his career, he had accumulated IRA and non-IRA accounts. The IRA beneficiaries were my brother, who lives with mental illness, and me. To protect both of them, I advised my Dad to split his IRA into two equal accounts—one with me as 100% beneficiary and one with my brother as 100% beneficiary.
I had my Dad convert my IRA account into a Roth IRA while he was still in a low tax bracket after stopping work. I didn’t convert my brother’s account since he would remain in a low tax bracket for life.
When Dad passed away in April 2005, I inherited the Roth IRA—tax-free for my lifetime and for my beneficiaries. I also recommended that Dad set up a living trust, naming me the successor trustee to care for my brother financially. Today, I provide my brother with a monthly income that allows him to live comfortably and responsibly.
Becoming Better Together
This experience revealed a critical gap: financial planners, attorneys, and tax professionals often work in silos, and important information can get lost in translation. When recommendations are made, it’s often up to the client to connect the dots, which can be overwhelming and confusing.
I wanted to change that for the benefit of families like mine. At Chatterton & Associates, we created a seamless communication process among wealth, tax, and estate professionals. By explaining the pros and cons from every angle, we empower clients to make informed decisions for themselves and their loved ones.
“Chatterton and Associates is the place where you truly feel understood, where your hopes and dreams can become a reality.”
Robert D. Chatterton, Jr.
Founder & President of Chatterton & Associates
Hello, my name is Rob Chatterton with Chatterton Associates. We focus on wealth, tax and estate planning. We help clients create, preserve and transfer their wealth. We have over a billion dollars under management and we're very proud to influence and change our clients' lives. So I grew up in Huntington Beach, California with myself, my brother and my parents. We had a pretty basic childhood. Childhood. Everything was relatively good. My dad was an attorney, a district attorney for twenty six years. He also became a defense attorney for about ten years. He loved trials. He loved to put witnesses on the stand. He loved cross examining. That was really good for his occupation. Wasn't good for any child. He would put me in a chair and believe me, I would get mad, would mess up more times than I would like to admit. He would put me in a chair, cross examine me. He would put my brother in a chair, cross examine him. He would know the real story. And unfortunately, unfortunately, he would also be the judge and will implement the punishment. And as a result, I had a sorer end more often than I like to admit. Pretty much my life was perfect. That was until my sophomore year in high school when my dad told my mom he no longer loved her and that they were going to get a divorce. My dad ended up moving out and I became that father figure of authority. It was not something my brother really enjoyed having an older brother being that authority figure. So he started hanging out with the wrong group of people and he ended up doing drugs and other things like that and he has been diagnosed as bipolar. Another critical time in my life is when my dad found out he had cancer of the pancreas and liver. My dad was my role model. He was something I was always striving for to try to impress. I was trying to always make sure that I was that son that he would be proud. And when you find out your role model and your father has one month to live, it was devastating. What I ended up doing is I talked to my dad and I said, dad, you know, I don't know how long you're gonna live, but there's a lot of, stories that you have. There are a lot of things that you are in your mind that I don't really understand it or I don't know it. So what I'd like you to do is I'd like to go through the photos of our all the photos of our family. And then I want you to tell me from your perspective who they are, what they're about, and more just more authentic understanding who they are. So my dad agreed and he took up as much effort as he possibly can and we got some video. And I was sitting next to my dad and he would go through some photos and explain it from his personality, you know, what would these people were like. And then I asked them to go through the photos of myself. And from your perspective, what was I like as a child? And I sat there and I listened and listened. And I realized, maybe one of the first times how proud he was of me. I always knew that he would be proud, but from his point of view when he was starting to do it, it really touched me tremendously. And I realized at that point, know, I was the son that he always wanted. So at Chederton and Associates, I like to hear your story. I wanna hear your hopes, dreams, passions. I wanna hear the things that influenced your life, that the hardships, these the things behind it. So we can capture that and understand it so then we can not just look at transferring the wealth, but transferring the experiences of your life. What I'm really passionate about is understanding who you really are, and then how do we make it better? How do we make your dreams come true? Have your experiences when you take a vacation and it's captured? Everything from, you know, graduating, having a grandchild graduate from college. How about, you know, when you're retiring and you never have to worry about money? How about when you, when you're unfortunately going to a nursing home and you have enough resources that you don't have to be a burden to your children? Whatever your hopes, dreams, and passions, I want to make sure that we check that box and come up with a good plan that is right for you.
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