Carol AdamsTitle: Associate Faculty
Department: Accounting and Finance
Division: Div of Bus Sci & Vocation Ed & Econ Dev
Alt Phone: (949) 582-4900 x3203
Carol Young Adams, J.D., C.P.A., M.B.T.
Ms. Adams was born in Joplin, Missouri and moved to Huntington Beach, California in 1985, following her graduation from Missouri Southern State University, Joplin, Missouri, where she received a Bachelor of Science degree, cum laude, with an Accounting major. Ms. Adams was on the Dean’s List, and was a member of Omicron Delta Epsilon and the Society for the Advancement of Management.
Ms. Adams’ public accounting career began at Wallace L. Chow, C.P.A., Costa Mesa, California, where she was a staff accountant, followed by an accounting position with Windes and McClaughry Accountancy Corporation, Long Beach, California. Ms. Adams remains licensed by the State of California as a Certified Public Accountant (inactive status).
Ms. Adams graduated in 1990 from the two-year SCALE program at Southwestern University of School of Law, Los Angeles. During law school, Ms. Adams received the American Jurisprudence Award in Family Law and was the class representative for her class to the Student Bar Association.
Ms. Adams became a member of the California State Bar in 1990 and has been in private practice since that time, with her practice devoted exclusively to the areas of estate planning, probate and trust administration. Ms. Adams’ practice includes: (i) preparation of tax-sensitive estate plans, including revocable and irrevocable trusts and pre-death and post-mortem planning issues; (ii) trust administration, dealing primarily with asset allocation following the death of a first spouse to die; and (iii) technical issues before the probate court, including, but not limited to, modification of irrevocable trusts, interpretation and accounting issues. Additionally, Ms. Adams advises both corporate trustees and private trustees in their duties as trustees of trusts and represents them before the California courts. Ms. Adams also has an extensive probate practice handling all aspects of the probate of a decedent’s estate in California courts.
In order to obtain a more extensive insight into the tax-sensitive nature of her practice, Ms. Adams received a Master of Business Tax Degree in 1997 from the University of Southern California.
Ms. Adams has been on the faculty of the National Business Institute teaching Basic Probate Procedures and Practice in California. Commencing in the spring of 2011, Ms. Adams will be an adjunct instructor at Saddleback College, Mission Viejo, California, teaching in the School of Accounting.