As estate planning attorneys, the underlying assumption has always been that clients want to maximize their wealth and minimize the costs associated with disability and ultimately, death. Our clients, we believed, wanted all our efforts to make that happen. And certainly, that's a good place to start... but maybe it's not the only goal we should have on our agenda. In a recent news story, an Austrian millionaire with an estimated $4.5 million estate has decided to rid himself of his wealth … [Read more...] about The Black Swan of Estate Planning Clients
Estate Plans
Some States Consider Overriding Estate Plans
The are a host of questions swirling around the one-year repeal of the estate tax for 2010 and the scheduled year-end sunset of EGTRRA. We discussed these issues on last month’s Classroom Conference Call for Academy member attorneys and on the members’ list. On that call we discussed that formulas used for the past many years would result in the maximum share of the client’s assets being funded into the Family or Credit Shelter Trust. For the vast majority of clients, this would be consistent … [Read more...] about Some States Consider Overriding Estate Plans
