Burt, Marvin R.
April 1995
Journal of Financial Planning;Apr95, Vol. 8 Issue 2, p81
Academic Journal
Complex estates require someone such as a financial planner to serve as a "quarterback" for the estate-planning team. Otherwise, even the best-intentioned of plans can go awry. This article provides a case study of a real-life situation in which the disparate elements of a complex estate plan caused significant problems and conflicts due to a lack of proper planning and coordination. The case, involving children from two marriages, examines a charitable remainder trust that failed to fully utilize the charitable deduction, two irrevocable life insurance trusts that included inappropriate policies, and an improperly drafted will. The article describes remedies the author was able to take to help partially rectify the situation.


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