Legal Migrants: Clients Who Move Between Community Property and Common Law States
Ever increasing mobility of our clients can lead to quite complex planning considerations. Community property can exist in a separate property state and separate or quasi-community property can exist in a community property state. Formal title documents may not control, and forensic accountings may be required to establish the nature of property owned by married couples who have migrated between community property and common law jurisdictions. How does the estate planner deal with these issues? What are the ethical issues involved in advising each spouse about these uncertainties?
ACTEC 2013 Fall Meeting
October 24 – 27, 2013
Fort Worth, TX