Situs Issues In Estate Planning Decisions

The Cannon Financial Institute is sponsoring a teleconference on August 15, 2006 entitled Situs Issues In Estate Planning Decisions.

Here is a description of the program:

The situs of estate planning documents is among the most important decisions made by the estate planner in consultation with clients. However, this is an area that does not traditionally get a lot of consideration by a client when working with a professional to create a trust.  The client and professional traditionally have used the situs of the client’s and the professional’s locale.  This may or may not be the correct choice and as malpractice suits become more common in the estate planning area situs will become a topic professionals become more concerned with for a number of reasons.  What investment options are available, what transfer tax and income tax rules apply, what distribution standards mean, what rights parties under the documents have, what regulations are applicable, the duration of trusts, and a host of other issues make attention to the selection of a situs or the change to a new situs exceedingly important.  In this month’s teleconference program, Roy Adams and Clary Redd will cover the following topics:

• Selection of a most favorable situs for transfer and income tax reasons.
• Selection of a situs for debtor – creditor reasons.
• The choice of situs initially.
• The change of situs, taking into account the document’s provisions and local law.
• Unique document provisions and procedural provisions affecting location and change of situs.