What Strategies Are Experienced Estate Planners Recommending?

Evidence From Survey Data

Authors

  • Chris J. Prestopino Califoinia State University, Chico, CA 95929-0051

DOI:

https://doi.org/10.1016/1057-0810(92)90006-X

Abstract

Responses from 124 experienced estate planning attorneys in 33 states reveal the frequency with which their 1991 clients undertook over forty estate planning techniques commonly promoted in practitioner literature. Nearly 83 percent of their clients had a net worth of at least $600,000, implying the need for careful consideration of these strategies. Among the most popular techniques implemented include the durable power of attorney for property, durable power of attorney for health care, living will, credit shelter bypass plan, standard QTIP trust, revocable living trust, and nonsimple will. Among the least popular techniques include flower bonds, private annuity, grantor retained unitrust, large custodial gif, and grantor retained annuity trust.

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Published

1992-12-30

How to Cite

Prestopino, C. J. (1992). What Strategies Are Experienced Estate Planners Recommending? : Evidence From Survey Data. Financial Services Review, 2(2), 111–130. https://doi.org/10.1016/1057-0810(92)90006-X

Issue

Vol. 2 No. 2 (1992): Financial Services Review

Section

New Original Submission

License

Copyright (c) 1992 JAI Press Inc.

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