Wealth, Tax & Estate Planning Newsletter: March 2017
Welcome to the TressCox Wealth Tax & Estate Planning Newsletter!
John F. Kennedy famously said “Change is the law of life. And those who look only to the past or present are certain to miss the future.” The digital world is upon us and the law has to move swiftly to catch up. What happens to your photos on Facebook when you lose capacity or die? How do you manage your passwords? The article by Christine McPhillips explains the issues.
In the second part of the newsletter the article by Matthew Payne and David Fechter is on a highly relevant topic to most of our clients - asset protection provided by trusts and how best to structure them.
Finally, an article by Matthew Payne and Megan Priestley looks at a surprising outcome of a case recently heard (the Lodin Estate) which involved an ex-spouse with financial arrangements settled still being able to successfully claim under family provision legislation. This will have significant impact on advice given by family and estate planning lawyers.
In this issue:
- Your digital assets: Instructing your executors and attorneys and restrictions on access
- Structuring your trust deed for asset protection
- Misconduct reaches beyond the grave - professional obligation and estate planning: a timely reminder