Estate Plan Interruptus: Fiascos from Third-Party Interference

October 2006
Journal of Financial Planning;Oct2006, Vol. 19 Issue 10, p28
Academic Journal
Case Study
The article looks at several case studies of third-party interference in estate planning. The first case study presents the story of financial planner Maureen Hughes and her clients, Bob and Sue. The couple did not have a power of attorney or a revocable trust on the death of Bob, and Sue lost their finances to a nephew. In another case study, a relative who held the power of attorney altered the estate plan in violation of the record divorce decree and created gift-tax issues for the children. In the last case study, a financial agent put money from a couple's estate plan into a Ponzi scheme.


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