EST2322. Estate Planning for Modern Families

As the traditional nuclear family has changed, accountants and other tax planning professionals must be prepared to both identify concerns and thoughtfully problem solve for issues clients face. This discussion will touch upon a potpourri of issues to consider, including: Marital Status (single, divorced, unmarried couples and polyamorous relationships); Defining Descendants (stepchildren, adoption, nonmarital children and assisted reproductive technologies); other forms of Diversity (disability, LGBTQIA+, religious, racial and cultural inclusion), Estate Planning for Flexibility, . . and more!

Learning Objectives:

• Consider how the definition of family has changed for families of wealth and how these definitions are reflected in governing estate planning documents.
• Consider sensitivity to issues of diversity, equity and inclusion while estate planning and tax professionals are working with families.
• Consider the influence accountants may be able to exert during the overall estate planning process to encourage flexibility and sensitivity.