Protecting Beneficiaries From Themselves and Others
The estate planning industry has largely evolved from focusing primarily on estate tax deferral and minimization to non-tax planning. Today, many of our clients whose estates used to be in the category of taxable are now receptive to addressing other matters, such as not making their children too rich too soon, protection of assets from claims of creditors and soon-to-be ex-spouses and selection of Trustees.
During this session, we will address:
- Outright bequests versus trusts with mandatory distributions versus lifetime trusts
- Various discretionary distribution standard options
- Effectiveness of spendthrift and wholly discretionary trusts
- Designating appropriate initial and successor Trustees