The Morning After

After document execution, there remains much to do “to effectuate the estate plan and optimize the result for the client and his or her beneficiaries” according to John J. Reddy Jr. and Marc S. Bekerman as detailed in their recent article entitled Essential Steps After “Finishing” the Estate Plan: Part 1–Pre-mortem Planning, Prob. & Prop., March/April 2007, at 20.

Issues covered include:

• Tax identification numbers and income tax returns
• Considerations in trust administration
• Life insurance trust considerations
• Complying with state and local law on formation of the entity
• Transfer of interests