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Estate planning for genetic material

I just read another interesting article regarding estate planning and genetic material. Medical advances are being made on a daily basis, so it seems. Clients are able to store eggs, sperm, and other genetic material that survives after the client’s death. Instructions must be left so that this material is stored and used properly and according to the client’s wishes. Estate planners and trustees should be aware of the importance of becoming more educated on this science and the new responsibilities that may result. For example, what if an unknown mistress who becomes impregnated using the frozen sperm of a multi-million dollar client comes  forward after the client’s death to claim an inheritance? Is there a provsion in the will to address this situation?

Estate planners and trustees need to be on their toes. Read up and be prepared to discuss these matters with clients and implement the necessary tools to handle and control your client’s genetic material.

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