Paula Lester joins host Chris Cooksey in this episode. Paula is Associate VP, Estate and Trust Solutions, for Solus Trust, which is an affiliate of Raymond James. We recently published an article in the commentary and insights section of RaymondJames.ca called Failure to Launch: Adult Dependents and their Estate Rights and today Paula and I will be discussing this case and questions it raises, including:
- Overview of the case
- Why is this case so astounding?
- Who else might have a right to support from someone’s estate?
- How does a court decide how much a person should receive under a support claim?
- What can people do when planning their estate to either prevent someone from making a successful support claim like the one in this case?
- Can a person avoid these support claims by making sure that all assets pass outside of the estate? For example, putting them in trust or naming a direct beneficiary on life insurance or registered accounts?
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