Estate Planning Malpractice

Description: This quiz will test your knowledge of Estate Planning Malpractice.
Number of Questions: 10
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Tags: estate planning probate law malpractice
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What is the primary duty of an estate planning attorney?

  1. To ensure that the client's wishes are carried out.

  2. To minimize the client's tax liability.

  3. To protect the client's assets from creditors.

  4. To maximize the client's income.


Correct Option: A
Explanation:

The primary duty of an estate planning attorney is to ensure that the client's wishes are carried out. This means that the attorney must draft estate planning documents that accurately reflect the client's intentions and that will be effective in achieving the client's goals.

What are some common types of estate planning malpractice?

  1. Drafting estate planning documents that do not accurately reflect the client's intentions.

  2. Failing to advise the client of all of the available estate planning options.

  3. Negligently preparing or executing estate planning documents.

  4. All of the above.


Correct Option: D
Explanation:

Estate planning malpractice can take many forms, including drafting estate planning documents that do not accurately reflect the client's intentions, failing to advise the client of all of the available estate planning options, and negligently preparing or executing estate planning documents.

Who can be held liable for estate planning malpractice?

  1. The estate planning attorney.

  2. The client's financial advisor.

  3. The client's accountant.

  4. All of the above.


Correct Option: D
Explanation:

In some cases, more than one person can be held liable for estate planning malpractice. For example, if the client's financial advisor recommends an estate planning attorney who is negligent, the financial advisor may also be held liable.

What are some of the damages that can be awarded in an estate planning malpractice case?

  1. Compensatory damages.

  2. Punitive damages.

  3. Attorney's fees.

  4. All of the above.


Correct Option: D
Explanation:

In an estate planning malpractice case, the plaintiff may be awarded compensatory damages, punitive damages, and attorney's fees.

What is the statute of limitations for filing an estate planning malpractice lawsuit?

  1. Two years.

  2. Three years.

  3. Four years.

  4. Five years.


Correct Option: A
Explanation:

The statute of limitations for filing an estate planning malpractice lawsuit is typically two years.

What are some of the defenses that an estate planning attorney may assert in a malpractice case?

  1. The client did not provide the attorney with all of the relevant information.

  2. The client changed their mind about their estate plan after the documents were drafted.

  3. The attorney relied on the advice of another professional, such as a financial advisor or accountant.

  4. All of the above.


Correct Option: D
Explanation:

An estate planning attorney may assert a number of defenses in a malpractice case, including that the client did not provide the attorney with all of the relevant information, that the client changed their mind about their estate plan after the documents were drafted, or that the attorney relied on the advice of another professional.

What are some of the things that an estate planning attorney can do to avoid malpractice claims?

  1. Communicate clearly with the client.

  2. Obtain the client's informed consent before taking any action.

  3. Keep detailed records of all communications with the client.

  4. All of the above.


Correct Option: D
Explanation:

Estate planning attorneys can take a number of steps to avoid malpractice claims, including communicating clearly with the client, obtaining the client's informed consent before taking any action, and keeping detailed records of all communications with the client.

What is the best way to resolve an estate planning malpractice dispute?

  1. Litigation.

  2. Arbitration.

  3. Mediation.

  4. Negotiation.


Correct Option: D
Explanation:

Negotiation is often the best way to resolve an estate planning malpractice dispute. This is because negotiation is less expensive and time-consuming than litigation, and it allows the parties to maintain control over the outcome of the dispute.

What are some of the things that clients can do to avoid estate planning malpractice claims?

  1. Choose an experienced and qualified estate planning attorney.

  2. Provide the attorney with all of the relevant information.

  3. Review the estate planning documents carefully before signing them.

  4. All of the above.


Correct Option: D
Explanation:

Clients can take a number of steps to avoid estate planning malpractice claims, including choosing an experienced and qualified estate planning attorney, providing the attorney with all of the relevant information, and reviewing the estate planning documents carefully before signing them.

What is the most important thing to remember about estate planning malpractice?

  1. It is important to choose an experienced and qualified estate planning attorney.

  2. It is important to communicate clearly with the attorney.

  3. It is important to obtain the attorney's informed consent before taking any action.

  4. All of the above.


Correct Option: D
Explanation:

All of the above are important things to remember about estate planning malpractice. By following these tips, clients can help to avoid malpractice claims and ensure that their estate plans are properly executed.

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