| Estate Planning | ||
| Requirement Develop tax efficient estate plan protecting beneficiaries in the event of bankruptcy/martial breakdown |
Solution Testamentary trust attached to will |
Outcome Effective estate plan achieved with plain English advice and understanding |
| Requirement Devise an estate plan to provide for children of first marriage, current spouse and children from second marriage |
Solution Outright gifts to children of first marriage funded by life insurance and residue left to current partner to provide for children of that marriage |
Outcome Confidence that all beneficiaries would inherit as intended and reduce likelihood of family provision contest of will and costly court proceedings |