Religious beliefs among trust and estate planning clients are as diverse as those clients themselves. Faith and religion define people in ways that other aspects of their lives do not. Consequently, and not surprisingly, deeply religious clients often want trustees and executors who are strong in their religious beliefs and share the same faith. However, in many instances, the person who best fits these criteria may not be the person best suited to handle investment and other fiduciary responsibilities.
When an estate-planning attorney is working with a person of strong faith, especially when it’s a different faith than that of the attorney, the attorney does a greater service to the client by having an understanding of how a person’s faith might affect the estate-planning process. As advisors, exploring the wealth transfer and end-of-life traditions unique to Christianity, Judaism and Islam can add value to conversations with clients who practice those faiths. This paper explores the issues of working with a population that continues to become more diverse, in terms of religion and otherwise.
We invite you to read our whitepaper, and to view the accompanying chart outlining drafting issues by faith.