Article: Helping clients distinguish useful simplicity from oversimplification in estate planning

Helping families understand the tradeoffs ....

Clients often ask attorneys for a “simple” estate plan.

The request makes sense. Estate planning can feel technical, expensive, and emotionally heavy. Simplicity has real value.

But a simpler document does not always create a simpler outcome.

In this piece for WealthManagement.com, Martin Shenkman and I write about how advisors can help clients distinguish useful simplicity from oversimplification that leaves important risks unaddressed.

One question we suggest advisors hold in mind:

What is the plan being asked to address because the family does not want to address it directly?

The goal is to help clients understand what a simpler plan would require the family to accept later.

Thank you to Martin M. Shenkman for the collaboration and to Susan Lipp and the WealthManagement.com / Trusts & Estates team for publishing the piece.

Read more here:

When Clients Ask for a Simple Estate Plan

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