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Estate Planning and Reproductive Technology

April 24, 2014

Unfortunately, estate planning law hasn’t really stayed on pace with reproductive technology and rights, generating quandaries about inheritance rights. It would make sense that children conceived after the death of an individual (or statements denying inheritance rights about these individuals) should be included in estate planning documents.

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(Photo credit: forbes.com)

A trust might be a more appropriate vehicle for managing inheritance rights in this way when compared with a will. A comprehensive estate plan, too, can also be valuable with regard to genetic material. Much the law with regard to inheritance rights and genetic material is very specific to each state, which is why it’s recommended to work with a professional if you’re concerned about children conceived posthumously. In many states, the law has not provided a framework for the disposition of embryos or gametes at the death of the donor.

While not every estate plan will include such instructions and details, it’s critical that those in this situation think about whether those individuals conceived later will have any inheritance rights. Planning in advance for this and documenting your wishes is a vital step in ensuring that your wishes are carried out after you have passed away. Advance planning can be complex, but the process is made easier when working with an experienced estate planning lawyer. To learn more about complex estate planning needs involving reproductive issues, contact us at 732-521-9455 or email us at info@lawesq.net


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The Fed Started to Ease. Did You Miss It?

Some have been waiting for the Fed to lower interest rates and confirm it will ...

The post The Fed Started to Ease. Did You Miss It? first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

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Choosing a Retirement Plan that Fits Your Business

If you have yet to develop a retirement plan for your business, or if you’re ...

The post Choosing a Retirement Plan that Fits Your Business first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

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