Trust Based Estate Plan Update
Aug 30, 2016OUTCOME: Successful Estate Plan Update
Married couple high net worth clients with minor children asked for review of current plan reviewed just 2 years ago by prior attorney. Plan was Will-based, did not include a living trust which would h ... ave resulted in maximum estate cost and minimal estate tax planning flexibility. We replaced the wills with a living trust (to avoid probate) with a flexible optional disclaimer bypass trust (for future estate tax planning flexibility) and added a pourover will as a backup plan. All for a fixed fee that they said was less than they paid to the previous firm for less work.
