Lathrop GPM’s Alma Soongi Beck was recently quoted by Financial Planning in a piece covering The Land Back Movement and how it is opening new realms of estate planning for financial advisors and tax professionals.
The Land Back Movement revolves around the mission of returning territorial assets seized from indigenous nations so that Native Americans reclaim ownership and stewardship of them. It is already playing out in various forms of land-transfer efforts in states such as California, Minnesota, Oklahoma, Alaska and Maine.
Land Back “should be on our radar” as, “at some level, a subset of charitable giving,” said Alma. Although financial professionals of many types are familiar with the concept of a real estate transaction, leaving the assets to a beneficiary in a position to manage them entails an array of historical and legal complexities, Alma further explained. “The ‘why’ of Land Back is not hard for clients to wrap their minds around. The harder question — even for those of us who have done some Land Back work — is the ‘who’ and the ‘how.'”
Read the full article here [SUBSCRIPTION REQUIRED]: Estate planning for the Land Back Movement is here — it’s complicated