Posted by Robert L. Arone – As you’ve probably already noticed, estate planning can be challenging – not only for the “traditional” nuclear family but, also for the millions of “non-traditional” families. The blended family scenarios are virtually endless – a spouse with independent wealth that marries a younger new spouse, children from a previous marriage but no children from this marriage, children from a previous marriage plus children from this new marriage, and more. Sometimes, an estate “plan” of a blended family seems less like a plan and more of a grab bag of joint and solely owned assets with no clear plan about who gets what and why. Although the increased complexity and variety of family structures makes effective planning more challenging, the need is greater now than ever before. Of course, no single newsletter could ever cover all the potential issues, so always feel free to contact

Posted by Robert L. Arone – How Uncovering Your Clients’ Legal Needs Means More Business for You Estate plans, like complex computer code, can get buggy. As a financial advisor, you have a fiduciary duty to your clients to help them avoid negative consequences of bad planning. That duty includes keeping tabs on legal issues related to estate planning and getting your clients the help they need, when they need it, and no later. Being able to spot common problems with estate plans can do a lot for your business. It can expand your relationships with clients and allow you to serve them in a fuller capacity – one that’s more profitable for you. That said, you probably have more than enough on your plate already. The thought of getting into the weeds into estate planning and probate law may be overwhelming. And it is true that the rabbit hole

Posted by Robert L. Arone – “Whatever can go wrong, will go wrong.” Murphy’s Law applies itself with surprising vigor in the estate planning field. If your clients are leaving outright, no-strings-attached inheritances or gifts to their beneficiaries, they are practically inviting disaster. But, there’s hope. A properly designed estate plan protects a client’s beneficiary and can help grow your business. How Proper Planning Benefits Your Practice An inheritance that goes outright and into the pocket of a spouse, child, or grandchild will very likely leave your office. On the other hand, an inheritance left inside a trust (such as lifetime discretionary trust, more on that below) has a better chance of staying because: If assets managed by you are left outright, they can easily be transferred away after the client dies. You have time to build relationships with the beneficiaries while your client is still alive and well. Your