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"Despite the economy, this is the first generation of people passing away with substantial wealth," said Avi Kestenbaum, a trust and estate specialist with the New York-based law firm Meltzer Lippe Goldstein & Breistone. He estimated he's set up 10 travel-related trusts in the past 15 years, while other clients have given instructions verbally or in a non-legal written "wish list."
The trend has even prompted a travel agency and a law firm to partner together this summer to start offering one-stop-shopping for trust creation and travel planning.
"Despite the economy, this is the first generation of people passing away with substantial wealth," said Avi Kestenbaum, a trust and estate specialist with the New York-based law firm Meltzer Lippe Goldstein & Breistone. He estimated he's set up 10 travel-related trusts in the past 15 years, while other clients have given instructions verbally or in a non-legal written "wish list."
ReplyDeleteThe trend has even prompted a travel agency and a law firm to partner together this summer to start offering one-stop-shopping for trust creation and travel planning.