Often, clients want to continue to control their beneficiaries after death, just as they’ve done during lifetime. They want to etch in stone the exact circumstances under which distributions should be made to the beneficiaries. Sometimes they think the beneficiary will have to go to the tombstone like a confessional or ATM. The problem is the client doesn’t know what may happen in the intervening years. Here are just a few of the several things of which they would not be aware when drafting … [Read more...] about Dead Hand Control: How Much is Too Much?
In Anna Karenina, Leo Tolstoy wrote that: “All happy families are alike; each unhappy family is unhappy in its own way.” In many ways, Tolstoy was correct. The potential sources of unhappiness in a family are many fold. And, each source of unhappiness has its own potential solution or solutions. A good estate planning attorney must start by ferreting out the sources of unhappiness in the family. Once those sources of unhappiness have been unearthed, a plan might be crafted to address the … [Read more...] about All Happy Families Are Alike