Estate Planning Basics Attorney in Ketchum, Idaho

What trends do you see in estate planning?

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00:04
the most common trend in estate planning
00:06
is to retain assets and trust and
00:09
i think that’s because of high divorce
00:12
rate
00:13
and uh multiple marriages
00:17
most people want their inheritance to
00:21
pass by bloodlines
00:22
and the only way to assure that it
00:24
passes by bloodlines is to retain
00:26
assets in trust assets interests provide
00:30
the best creditor protection and most
00:33
people when they hear creditor
00:34
protection think i don’t have any
00:35
creditors
00:36
and all i have to say it’s a it’s a
00:38
future ex-spouse that’s the number one
00:40
creditor that we speak of in estate
00:42
planning
00:43
it doesn’t take much for an estate plan
00:46
to go awry
00:47
it could be a long-term marriage where
00:49
there’s a death of one of the spouses
00:51
and subsequent remarriage by the
00:54
surviving spouse
00:55
so the trend is not to force assets out
00:58
of
00:58
trust but rather to keep them in trust
01:01
you can create a lot of flexibility
01:03
for the beneficiary the beneficiary can
01:05
be the trustee the beneficiary
01:07
can have a lot of rights and powers and
01:09
still be able to
01:11
provide that beneficiary creditor
01:12
protection if needed

Los Angeles, CA Estate Planning & Probate lawyer Jill Eshman talks about the trends she sees in estate planning.

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