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Passing Assets to Children (2018 Summer Meeting - Session 2 - MP3)
Member Price$33.00
Non-Member Price$60.00
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Are The Kids Alright? Modern and Practical Challenges of Minors in Estates and Trusts

As the family unit and technology change—not always in unison—the rights of children as to estates and trusts have become more complicated, which in turn impacts planning and estate and trust administration. How do we structure appropriate provisions for guardians, custodians, and trustees?

Litigation follows when planning is not adequate. This hotbed of controversy includes: adopted children, stepchildren, descendants unknown to or ignored by the decedent, children not born of a traditional marriage, embryonic children, those conceived or born posthumously, and adopted adults. Controversy can also arise if and when parents have the right to inherit, even if they have abused or abandoned the children.

Session 2: Navigating Between the Hard-Knock Life and Easy Street When Passing Assets to Children

Your children can be your pride and joy. They can also be your heirs, legatees, and beneficiaries, even as minors. Does your client intend to leave Little Orphan Annie, or the next Richie Rich? This panel will address the rights of surviving children to receive property from intestate estates as well as whether, when, and how to pass property effectively to children through wills, trusts, beneficiary designations, and will substitutes, and how property received by a minor is managed, either through a guardianship or conservatorship, or through trusts designed for the child’s benefit.

Speakers:
Jane Gorham Ditelberg, Chicago, IL (Moderator)
The Honorable Christine Butts, Houston, TX
Judge James G. Riley (Ret.), FMS Law Group LLC, Chicago, IL

Recorded on June 23, 2018 in Chicago, IL