Faculty Publications

Title

There is no free lunch: Understanding and preventing estate planning fraud.

SelectedWorks Author Profiles:

Martina K. Schmidt

Nicole Forbes Stowell

Document Type

Article

Publication Date

2018

ISSN

2156-5155

Abstract

Financial planners are expected to oversee all facets of their clients’ financial affairs, including estate planning. With estate planning fraud on the rise, financial planners, as well as their clients, are exposed to potential trouble. Education of and awareness by financial planners and their clients lies at the heart of preventing this fraud from occurring in the first place. This article provides a tutorial on the basics of wills and trusts, presents red flags that financial planners can use to identify possible fraudulent situations, and offers advice on how to avoid professional liability with regard to estate planning fraud.

Comments

Citation only. Full-text article is available through licensed access provided by the publisher. Members of the USF System may access the full-text of the article through the authenticated link provided.

Publisher

Academy of Business Education

Creative Commons License

Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.

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