On Wednesday, June 22, 2016, the Wills, Trusts and Successions Committee met for the second time this year for a panel discussion on the pros and cons of probate avoidance. The panelists were Chris Kane, of the Rabalais Firm, Carole Cukell Neff, of Sessions, Fishman, Nathan & Israel, L.L.C., and Julie M. Stymest, CPA, of LaPorte CPAs and Business Advisors. The panel was moderated by Eric M. Schorr, of Sessions, Fishman, Nathan & Israel, L.L.C., and Co-Chair of the Wills, Trusts and Successions Committee.
Panelists, Carole and Chris, discussed and debated probate avoidance estate planning, including when and why they would or would not advise probate avoidance as part of a client’s estate plan, and Julie spoke about the tax implications involved in connection with revocable living trusts and other probate avoidance planning and estate planning.
Pictured are Rose Sher, Chair, Julie Stymest, Carole Cukell Neff, Chris Kane and Eric Schorr, Chair.