2020 Insights: Advanced Estate Planning Strategies

By WealthCounsel Staff on Aug 28, 2020 10:50:51 AM

2020 has been a year of change and adaptation. From learning how to practice law virtually due to COVID-19 to major planning changes under the SECURE Act and CARES Act, many attorneys are wondering how they are going to keep their heads above water and keep their practices viable. 

Gain new insights for your practice with the Advanced Estate Planning Summit — perfect for experienced estate planning professionals, the Summit is now on-demand and can be purchased through our Store. Featuring industry experts who delve deep into advanced timely topics, you’ll walk away with new legal strategies and practical takeaways to use immediately in your practice.

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Managing Risk in Trust Administration

By WealthCounsel Staff on Aug 21, 2020 10:00:00 AM

Offering trust administration services can be highly profitable and rewarding for your law practice. Attorneys providing legal services to fiduciaries in postdeath administrations can deliver more holistic “cradle to grave” care for estate planning clients and receive an additional steady source of income. However, this area of law is not without risks—the amount of time, attention to detail, and competence required in guiding fiduciaries through the administration process can leave an attorney vulnerable to malpractice claims and unhappy clients. 

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Avoiding Erosion of Testamentary Intent in Wealth Transfers: Best Practices for Contractual Transfers

By WealthCounsel Staff on Jul 31, 2020 10:00:00 AM

By Mary E. Vandenack, founding and managing member of Vandenack Weaver LLC

Significant amounts of wealth are likely to be transferred over the next 25 years. The United States has an aging population in control of an estimated $59 trillion in assets. A growing area of case law in the United States has been that of tortious interference with inheritance. Tortious interference with inheritance occurs when an individual, by fraud or duress, or other tortious means, intentionally prevents another from receiving an inheritance or gift that he would otherwise have received. Tortious interference is rooted in and related to other concepts such as undue influence and fraud. 

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