Trusts and Estates
Ca. Trs. & Estates Quarterly Volume 9, Issue 2, Summer 2003
- Diversification: Recent Legal and Academic Perspectives
- The Basics of Derivatives For Trust and Estate Lawyers: Puts, Calls, Collars and Forwards
- The Kaleidoscopic World of Family Limited Partnerships: Issues To Note En Route To the Successfully Planned California Real Estate Family Limited Partnership
- Client-driven Estate Planning: a Different Approach To Estate Plan Design
CLIENT-DRIVEN ESTATE PLANNING: A DIFFERENT APPROACH TO ESTATE PLAN DESIGN
By J. Christopher Toews, Esq.*
Recently a new client came to my office for a review of his estate plan. He was an Italian man in his late 60’s who had done very well in the construction business despite having come from a poor family and having quit school after the ninth grade. His net worth at the time he saw me was over $10 million and growing.
The plan he handed me was about two inches thick and had been prepared by a prominent Los Angeles law firm. As he put it on my desk, he looked at me with obvious frustration and said, testily, "What does this goddamn thing say?"