Estate Planning for the Dysfunctional Adult Child

• Questions to ask at the client meeting that will help you elicit the most accurate information
• Drafting strategies that will protect assets from creditors and former spouses
• Pros and cons to various trustees including banks and siblings
• Transfer on death deeds "TODD" and life estates – how to use them to your clients' best advantage
• Retirement accounts – when to change the beneficiaries and pitfalls to avoid

Runtime: 1 hour, 2 minutes
Recorded: April 13, 2021

Difficulty: For Newly Admitted Attorneys (Transitional)

Estate planning is rife with delicate situations. As lawyers, it is our job to be "gloom and doom in the room." We need to ask the hard questions and plan for the worst-case scenarios. This can be especially difficult in estate planning since it involves leaving hard-earned assets to cherished and beloved relatives. If we are going to protect those assets as we are hired to do, we must ask the tough questions, including questions about the ability of the testator's children to take care of themselves after our client dies.

Experienced professionals will provide you with specific strategies for eliciting information at the client intake, how to discuss delicate and emotionally charged possibilities and planning techniques that will care for the testator's loved ones while protecting their assets.

This program was recorded on April 13th, 2021.

American Bar Association