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July 30, 2010

Intentionally Defective Trust Helps a Hurried Estate Plan

By Irv Blackman, CPA

A long-time reader, we’ll call him “Mr. Courage,” for a reason soon to be revealed, called and asked me to do his estate plan… quickly. “Why quickly?” I asked. He replied, “Because I have cancer.” The doctor would not (or maybe could not) give an exact time frame as to how long Mr. Courage might live, but thought getting his affairs in order was a good idea...

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