The story of American art collector Charles Loeser shows a detailed will is no guarantee your client’s wishes will be fulfilled, reports the L.A. Times.
Many clients will become executors for parents, family members or close friends. But the job’s responsibilities may expose them to significant liability.
Many advisors don’t realize clients have to revisit estate plans when they move to other provinces and territories. While taxation rules on death are generally the same across Canada, other family laws aren’t. Here’s what to consider.
Your client is planning an elaborate wedding she hopes will erase any memories of previous, ill-considered, unions.
Karen is a single, 60-year-old retired executive with several million dollars worth of assets. Her twin daughters, Sarah and Leigh, are both pregnant. She wants to make sure her daughters and future grandchildren are taken care of, but is unsure how to leave money to unborn children.
Many affluent investors avoid the subject because it touches on uncomfortable issues, including mortality and making sure loved ones are taken care of.
The resignation, removal and substitution of trustees.
Your client’s executor isn’t up for the task. Now what?
A great uncle leaves $1 million to his nephew. But he must marry within two weeks to receive it. What now?
Estate planning may be complex, but your clients need to protect their assets and legacies.