Florida Elder Law & Estate Planning Blog

DOL Releases Final Fiduciary Rule for Retirement Savings Advisors
May 6, 2024

On April 24 the U.S. Department of Labor issued its  Retirement Security Rule: Definition of an Investment Advice Fiduciary. The rule issues updated guidance for financial professionals who provide advice to retirement savers. As elder law attorneys, we do not…

QLAC Can Allay Fear About Outliving Your Money
June 17, 2023

A long life is a gift, especially if you are lucky enough to enjoy good health. But all those years present a challenge, too:  your money must last as long as you do. One strategy that may help you meet…

elder financial abuse
Florida Seniors Get More Protection From Financial Exploitation Under New Law
August 27, 2020

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…

Parents and Adult Children Shy Away From “The Talk”
April 27, 2020

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…

Trump executive order creates more uncertainty for retirement advisor fiduciary rule
February 11, 2017

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…

Financial Plan
Higher standard for advice on tax-advantaged retirement accounts
June 17, 2016

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…