“Thought for the Day” #804 – by Stephen R. Elville, J.D., LL.M.

September 15, 2016

Disputes in estates (every parent’s nightmare) can potentially be avoided before they begin.  How?  Through careful consideration of all issues of course (legal, tax, financial, practical, family dynamics, and more), an inclusive educational planning process that encourages family harmony, and not least of all a commitment to clarity – the avoidance of ambiguity.  A recent Maryland case involving the estate of the late Tom Clancy exemplifies this, as described in the following Trusts & Estates article:  http://beta.wealthmanagement.com/taxes/maryland-high-court-sides-tom-clancy-s-widow-her-estate-battle