Tag Archives: Estate Planning

Addictions and Impaired Clients Estate and Related Planning Considerations

Join Amanda Koplin, LPC; Martin M. Shenkman, Esq. and Jonathan G. Blattmachr, Esq. to discover Addictions and Impaired Clients: Estate and Related Planning Considerations. In this webinar, we will address the reality that the practitioner must understand the commonality of these issues and guide clients, draft documents, and administer estate plans, trusts and financial plans accordingly. Here we will provide an overview of the impact of addiction, an issue that impacts 23.5 million Americans.

Matrimonial Issues and Trust Planning

Trusts: Planning and Drafting for Divorce.

  • In an equitable distribution jurisdiction, the court may fashion a remedy it deems appropriate for the circumstances of the parties.
  • Even if you say all the assets of a trust are separate property the court might order an award of all martial property to the other spouse to offset the impact of the separate property trust.

Estate Planning Strategies When Using Exemptions

Given the current economy and the uncertainty of today’s political climate, many in the estate planning field have their eyes on Washington, D.C., looking to see if dramatic changes to the current transfer tax structure could be imminent. What effect should this have on the estate planning for high-net-worth clients? Should clients act now to use their remaining exemptions by the end of 2020? Might they regret it if the estate and gift tax laws do not change?

In this article, we discuss when it makes sense for certain individuals to make transfers to use exemptions before the end of 2020. We also cover alternatives for those who would want to “unwind” the transfer if anticipated changes to the transfer tax system do not occur, similar to the situation many faced in 2012. These alternative strategies include transfers in trust providing that property disclaimed by the trustee or by the principal beneficiary will revert to the grantor.

Why Every Estate Planner Needs to Urge All Clients to Use Their Wealth Transfer Exemptions Now

This presentation will explore various planning strategies that practitioners may employ to help clients capitalize on the estate tax environment created by the 2017 tax act, with consideration of these newer developments and trends.

Shielding Estate Planning Against Litigation

Litigation relating to estate planning seems to be increasing all over the country, and it is not limited to large estates.

Proactive steps can be taken now to drastically reduce the chances of your clients’ wishes being challenged. Some of the topics we will cover include:

  • Reducing the chances a disgruntled beneficiary will attack your client’s estate plan
  • Increasing the chances that the estate plan will be successfully defended using discretionary trusts, no-contest clauses, and conditional distributions
  • Common litigation scenarios and how to avoid them
  • Anticipating challenges based on dementia, lack of mental capacity, and undue influence
  • Dealing with beneficiaries’ spouses and divorces
  • Protecting against mismanagement by trustees and trust advisors
  • Using statements of intent and overcoming adverse presumptions