Look A Lot Different
(and so must their estate planning!)
The world of “Ozzie and Harriet” - - where heterosexual couples had one long-term marriage with two children - - has become a distant memory. Today’s reality looks more and more like “the Brady Bunch”, with divorce, remarriages, and blended families. Plus, many more couples are choosing to live together without even marrying. And now, thanks to the Supreme Court DOMA decision, same-sex marriages is becoming commonplace.
What you learned in past CE courses about estate planning for the “old-school” married couple - - and the typical married estate planning techniques you’ve provided in your practice - - are fast becoming obsolete.
You need to learn modern planning techniques that address the special issues of modern families. For example:
- How do you properly fashion powers of attorney and choose agents to avoid potential conflicts within a blended family?
- How do you select Executors and Trustees and provide for them to coordinate with agents under individual powers of attorney?
- What are the significant tax and non-tax traps that unmarried couples face and how do you navigate around them?
- What are the post-death administration traps that can befall the modern family, including equitable adjustments and other fiduciary decisions?
- What important terms do you need to include in marriage contracts and property agreements?
- How do you address the unique residential issues that modern families face?
- How do you deal with the sticky funeral arrangement issues of the modern family?
- How do you use spousal lifetime access trusts and inter vivos QTIP trusts in the modern family?
- What are the traps of using QPRTs and PRTs in the modern family?
- How must you coordinate the trustee of an intentionally defective grantor trust with the executor of the client’s estate or successor trustee of the revocable Living Trust?
- What factors should you consider in drafting the family limited partnership or LLC?
- How do you minimize post-death litigation in the modern family?
Join us and nationally renowned estate planning attorneys and co-authors, Stephan R. Leimberg and L. Paul Hood, Jr., Esq., of The Tools & Techniques of Estate Planning for Modern Families for this very special 90-minute presentation entitled, “Estate Planning for Modern Families”.