Miller Thomson’s Private Client Services group and Estate Litigation team presented a 4-part monthly speaker series on Estate Planning through the Generations, which followed one family at various junctures and explores their relevant estate planning considerations. Loosely based on the Dutton family in the hit show “Yellowstone”, each month we delved into the estate planning issues and needs of family members as they transition to new life stages.
Part 4: Final Considerations to Maximize your Estate Planning Goals focused on the Dutton family patriarch, who is approaching retirement age and planning to turn the management of the family ranch over to his son and son-in-law. Because he had not updated his will in quite some time, he planned to do so, expecting to mention his grandchildren, but did not feel the need to include his son-in-law, as he previously gifted him a property. In addition, he was seeking to remove one of his children from the will and unsure how to handle the estate of another recently deceased child. To preserve the legacy of the ranch and his family, he was also interested in making a charitable donation.