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Timestamp: 2016-06-30 20:30:12
Document Index: 505275690

Matched Legal Cases: ['art 1', 'art 2', 'art 3', 'art 1', 'art 2', 'art 3']

Welcome to LexisNexis Advising Families on Succession Planning - The High Price of Not Talking
$40.00 Publisher: LexisNexis Canada Format:: Book,
2 ISBN:: 9780433451129 2005-01-01
The cost of litigating an estate matters can be enormous - both financially and emotionally. However, most estate litigation can be avoided with advance planning. This new book will help you explain to clients the benefits (both financial and emotional) of developing an effective and comprehensive estate plan that includes consulting with intended beneficiaries as part of the process. It takes readers through the steps in the estate planning process, discusses how to prevent mistakes from happening, describes the circumstances in which estate plans are challenged, and takes them through a method by which the wishes of intended beneficiaries can be considered.It is a book that you will want to give to clients as well as have on your bookshelf and in your reception area.Coverage IncludesFeaturing familiar real life scenarios to which clients can relate, the book is divided into three parts:Part 1 - A Wills and Estates PrimerDescribes each of the three components to an estate plan - wills, tax reduction strategies and powers of attorney - and the steps that can be taken to protect them from challengeTakes clients through the steps in the estate planning process, while emphasizing the importance of making their final wishes clear, and discusses how to prevent mistakes from happeningPart 2 - Why Estate Plans are Challenged - and What it Costs Identifies the ten most frequent causes of estate litigation and the legal processes and costs associated with bringing a court action challenging a willDescribes the circumstances which prompts people to challenge estate plans - and the high cost of such challenges.Part 3 - The Family Conference SolutionHighlights the importance of considering beneficiaries' wishes and takes you step-by-step through the family conferenceprocess. Includes a discussion on the purpose and wording of a "family constitution", and the steps that need to be taken before a family conference, including:How to determine who to inviteA checklist of what the agenda should coverAppointing a chair personThe role of the mediatorA sample family conference agreementRules for the meeting and dealing with particularly difficult issues such as extramarital relationships; unequal treatment of children; spendthrift beneficiaries; special needs beneficiaries; family business issues and incentive trustsWho Should Buy Estates and General Practitioners who wish to encourage clients to make wills, in particular wills that will not be challenged in courtClick here to read a review of this title Table of Contents Chapter 1 The high price of not talkingPart 1 - A Wills and Estates PrimerChapter 2: What an estate plan should accomplishChapter 3: What is a willChapter 4: How to bulletproof your willChapter 5: The role of the executorChapter 6: The executor's income tax and accounting obligationsChapter 7: The recreational property conundrumChapter 8: Taxes that arise on deathChapter 9: TrustsChapter 10: Estate freezesChapter 11: Powers of attorneyPart 2 - Why Estate Plans are Challenged - and What it CostsChapter 12: Ten most frequent causes of estate litigationChapter 13: The legal process and its costsPart 3 - The Family Conference SolutionChapter 14: The Family ConstitutionChapter 15: Before the conferenceChapter 16: At the conferenceChapter 17: If family members won't approve your planChapter 18: After the conferenceChapter 19: Conclusion Author/Contributor
Ian M. Hull is a partner of the firm Hull & Hull. He practices in the area of estates, trusts, and capacity litigation. He has written numerous papers and books and is the co-author of Probate Practice, 4th Edition (Carswell, 1996). He is a member of the Editorial Advisory Board of the Canadian Estate Administration Guide, a Fellow of the American College of Trusts and Estates practitioners and an Associate Editor of the Estates and Trusts Reports.
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