Estate Planning Attorneys Avondale Estates : Probate & Elder Law Attorneys in Avondale Estates, GA

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Estate Planning, Probate & Elder Law Avondale Estates, Georgia

Avondale Estates Estate Planning & Probate Attorneys

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Menden, Freiman & Zitron, LLP

TEL (770) 379-1450 |  Atlanta, GA

Mr. Menden, a founding partner of the firm, has received an “AV” rating from the Martindale-Hubbell Law Directory (the highest rating available), indicating that his professional collea...(more)

Larry Howell, Attorney at Law

TEL (770) 442-8921 |  Roswell, GA

Legal, Business, Accounting, Tax and Financial Planning

Georgia State University (B.B.A., 1971) Georgia State University (M.P.A., 1975) more)



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ESTATE PLANNING, PROBATE & ELDER LAW NEWS

» Wills and Provisions That Fail

I didn't start my legal career doing much estate planning; for the most part, I was a probate attorney, handling Wills that had "matured" into deceased estates. I think that's a helpful experience, as you quickly figure out from a practical perspective the difference between good provisions and provisions that fail.

Let me give an example from a Will (not drafted by me, luckily) that recently came across my desk. The Will gives most property in equal shares to the decedent's three living children, which is fine. But it also makes a gift of certain jewelry to "the first of my granddaughters to marry." Setting aside the potential inequality here -- why favor the first granddaughter only? why favor only granddaughters? -- there's a problem: none of the decedent's granddaughters have married. So what now? At the time the Will was drafted, this provision failed (it didn't work), and it still fails today.

As a probate attorney, the problem is clear. I have to file with the probate court a document listing the decedent beneficiaries (legatees). Who in the world do I list from the above provision -- all of the granddaughters? someone who can hold the jewelry in trust until a granddaughter marries? somebody else?

If the draftsperson had spent five minutes thinking about the practical ramifications of this language, he or she could have easily fixed it.

» More on the Referral Problem -- ADR

I spoke yesterday about the potential conflict of interest that arises when a third party (like a financial planner or accountant) refers a lot of business to an estate planner. A similar, but perhaps more serious, problem arises in the context of alternative dispute resolution (ADR) and referrals.

More and more companies make their employees and/or customers sign documents stating that disputes will be settled through the ADR process. That's fair on its face, but as a practical matter, I have some questions about how this works. There are only so many ADR professionals out there -- how is the person who will handle the mediation and/or arbitration chosen? If the person is chosen by the company, then we've got a problem -- if I'm referring 100 cases a year to Bob's ADR Shop, aren't I going to be monitoring closely the outcome of those cases? And aren't I going to hire someone else if I find that Bob's ADR Shop isn't favoring my company as much as I'd like?

Carried to its logical extreme, you get situations like the one detailed in this article (thanks, Tim), about the National Arbitration Forum

» Wachovia office searched for ARS docs

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» Family fight will that leaves $50m to children of Panama

It was a gift of historic kindness to the poor children of Panama left by an eccentric American millionaire not previously known for his tenderness towards the young.