- 5 - his business transactions. The decedent consulted frequently with Mr. Laurence Clark, an attorney, and with Mr. George Lippert, a certified public accountant. Neither Mr. Clark nor Mr. Lippert is an expert in estate planning. Most of the decedent's legal affairs were handled by Mr. Clark, who is licensed to practice law in the State of California. Mr. Clark engaged in a general practice of law. He maintained a professional and personal relationship with the decedent until the decedent's death. Mr. Clark had minimal experience in estate planning and in handling estates with assets of more than $1.2 million. Nevertheless, in 1978, he prepared wills for both the decedent and Mrs. Rapp (the 1978 wills). These wills were essentially identical. Each of the 1978 wills provided that all household furniture and furnishings, clothing, personal effects, and automobiles of the testator were to be given to the surviving spouse. All other property of the testator was given to the testator's two sons to be held in trust during the life of the surviving spouse. As cotrustees, Messrs. David and Richard Rapp were given the power to disburse such amounts from the principal and income of the trust estate as they would decide is necessary "in their absolute discretion" for the "health,Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
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