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re: I have a question about estate planning and what is possible....
Posted on 11/21/12 at 9:52 am to rmc
Posted on 11/21/12 at 9:52 am to rmc
quote:
I'm not sure that wills are 'read' like most TV shows depict. In Louisiana there is no requirement, as I suspect there isn't in most states.
Thank you to everyone for the replies so far! This question is actually for a plot of a book so I guess it can be embellished like on TV. The author is going to have a group of people get called to an attorney 10 years after a certain person died and be told there is a fortune waiting but they have to meet certain conditions in order to get all of the money. Is that possible IRL and if so how would the conversation go?
This post was edited on 11/21/12 at 9:59 am
1
Posted on 11/21/12 at 2:40 pm to lsu480
quote:
Is that possible IRL and if so how would the conversation go?
As a practical matter? Yes, I think so. With some careful planning and a trustee who will follow your instructions to a T, I think it is plausible. And, admittedly not being an expert in Trusts, you may be able to create a trust in such a way that the beneficiaries are kept in the dark for X number of years. But I don't know it off hand. Maybe someone with more trust knowledge, from a legal standpoint, can give you more guidance in this thread. Louisiana's trust law is relatively rudimentary, similar to our in terrorem law. A state like Delaware has a much more fleshed out trust code/jurisprudence.
This post was edited on 11/21/12 at 2:41 pm
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