Tag: ian hull
Listen to The Formal Passing of Accounts.
This week on Hull on Estate and Succession Planning, Ian and Suzana talk about the specifics of what happens when you have to go to court to formally pass accounts.
Listen to Delay in the Granting of Probate.
This week on Hull on Estates, David and Sarah discuss issues that cause delay in the granting of probate.
The Estate Litigation of NYC Socialite Queen Brooke – Hull on Estate and Succession Planning Podcast #66
Listen to "Estate Litigation and NYC Socialite Queen Brooke"
Read the transcribed version of "Estate Litigation and NYC Socialite Queen Brooke"
During Hull on Estate and Succession Planning Podcast #66, Ian and Suzana discuss the conference that Ian recently attended, Podcasters Across Borders, where he spoke on a panel with Terry Fallis of Thornley Fallis, and Kate Morgan of Podwise Social Media Inc.
Within the context of estate litigation, Ian discusses a recent article he read in the June 6th edition of The Economist that considered the life of a New York City socialite, Brooke Astor, commonly known as Queen Brooke. Ian reviews the dramatic story of her life, and the litigation surrounding her loss of capacity and her second marriage.
In looking forward to 2007 and the consideration of your estate plan, you might ask what is my estate plan meant to accomplish?
Simply put, an estate plan should ensure that your assets go to the people you intend, reduce, where possible, your estate’s potential tax liabilities upon your death and protect your assets if you should become disabled. A Will, tax reduction strategies and powers of attorney can be prepared and/or considered to accomplish the goals of your estate plan.
In his book, “Advising Families on Succession Planning, The High Price of Not Talking”, Ian Hull discusses, among other things, the need for an estate plan, the make-up of an estate plan, the most frequent causes of estate litigation, the legal process and, when necessary, the family conference. The family conference being a professionally mediated family meeting intended to obtain the beneficiaries approval of one’s estate plan through the signing of a family constitution.
As noted by Mr. Hull, “A family constitution sets out the framework for both the estate plan (which then needs to be implemented by the family lawyer) and the process of ongoing family conferences and dispute resolution.”
In tomorrow’s blog I will look at several causes of estate disputes; disputes that may be avoided with a good estate plan.
Have a great day.