Wednesday, January 14, 2009

More Job Insurance for Estate Planners

Longer life, longer window of exposure to dementia. Increasing needs and decreasing capacity lead the way to financial abuse and intra-family fighting. And sure enough guardianship litigation is on the rise.

Estate planners apply various techniques to minimize this fighting, well-drafted documents, insurance, gifting plans, prudently chosen fiduciaries, family communication, powers of attorney, and advanced medical directives, funded trusts, and so on. For most clients, a combination of these techniques can eliminate costly fighting. For others, no amount of planning will do.

No matter what happens to the estate tax, the family feuds will go on. With the biggest wealth transfer ever Estate Planners, Probate litigators, and elder law professionals should be busy.

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