Estate planning refers to the arrangements made for one’s property that will go into effect after the individual in question is later deceased or can no longer make the proper decisions. Estate planning requires a multifaceted process of organizing one’s assets. This process involves asset management and allocation, naming beneficiaries, establishing trusts, and requirements. Estate planning expert witnesses are called upon for legal issue involving the financial and ownership rights within these arrangements.
Case related to estate planning may involve disputes over tax litigation and/or estate litigation, such as tax planning malpractice, issues with life insurance, or bad faith. Since estate planning requires the organization of finances, expert witnesses used in estate planning case might be licensed or certified as attorneys, accountants, real estate appraisers, financial advisors and other related diciplines.
Estate planning expert witnesses will also have extensive knowledge in taxes with tax court, insurance tax law, international tax law, and estate and trust damages. In addition to personal property and real estate, estate planning also includes making business arrangements, planning for medical care, and any other major decisions involving ownership or finances. Appraisal is a very important aspect of estate planning, as the financial worth of one’s property must be assessed so that the proper decisions can be made.
Contact us today or submit an expert request form to retain the right estate planning expert witness for your case.