DARREN T. CASE is a tax and estate planning shareholder attorney for Tiffany
& Bosco PA, licensed in the State of Arizona. He is the co-author of the Arizona
Estate Planning and Probate Handbook, published by Thomson Reuters, former
President of the Estate Planning, Probate & Trust Section for the Maricopa County
Bar Association, current Vice President for the Central Arizona Estate Planning
Council, and was recognized as one of the Super Lawyers Southwest Rising Stars
in 2015. He received his Bachelors from Arizona State University, Juris Doctorate
from Chapman University (graduating as the Tax Law Honors Graduate of his
class) and received his Master of Laws in Taxation from Georgetown University.
Darren assists families and individuals in a broad range of planning techniques,
including traditional wills and revocable trusts, along with more sophisticated
estate, gift, GST, and income tax planning strategies.
t’s been estimated that $30+ trillion in wealth will
transfer to the next generation over the next few decades. 1 Some forecast that just under 20 percent of that
wealth is already in motion, as it is being held by families with life expectancies of seven years or less. 2 While
practicing law in the estate planning, probate, and trust
areas during the “greatest wealth transfer in human
history” 3 certainly will be intriguing, it will arguably be
one of the most challenging times, as well. Of the trillions of
dollars set to transfer to the next generation, recent studies
show that 50 percent of the inheritances will be blown—and
most will be blown quickly.
Many families may cringe when learning such a staggering
statistic, but the question is what, if anything, can attorneys
do to combat the loss or dissipation of estates?
BY DARREN T. CASE
AVOIDING THE WORST IN THE GREAT WEALTH TRANSFER