Vulnerable seniors are getting more protection from financial exploitation, thanks to a new Florida law that went into effect on July 1, 2020. The new law increases the ability of financial advisors to take action when they suspect their elderly…
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As estate planning attorneys, we generally encourage clients to discuss their estate plans and financial plans with their adult children, even if they provide them with just a rough overview. Many clients, for many reasons, are reluctant to follow through…
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As I explained in this June 2016 post, a Department of Labor policy, originally set to go into effect April 1, requires brokers giving advice on retirement accounts to put their clients’ best interests above their own. For example, given…
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Federal law requires a financial advisor to put the client’s best interest first when providing advice on tax-advantaged retirement accounts. Believe it or not, that was NOT the law until just recently. But it is today In the past, financial…
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