Court Rules the Fiduciary Rule Is No Longer Enforceable
The Fifth Circuit Court of Appeals found that the U.S. Labor Department’s fiduciary rule is no longer protected or able to be enforced. The fiduciary rule required financial advisors to act solely in their clients’ best interest as it related to investments into retirement accounts such as 401(k) and IRAs.
The Benefits of Having an Elder Law Attorney
As retired Americans grow older, their dependency on the family to handle financial and health matters increase. They often believe that their family members will be able to take care of any issues that arise. While consulting with loved ones about plans and wishes can be beneficial, relying solely on
The Newly-Appointed Property Guardian Checklist
Your grandfather Martin can no longer make decisions on his own. A court appoints you to be Martin’s guardian of property, to help Martin manage his money. You become Martin’s “fiduciary.” The law now requires you to act to a high standard of good faith and honesty. There’s a lot of
What to Do with Your Beloved Collection
Whether your beloved collection consists of artwork, books, cars, music, or other significant items, you should not forget about this valuable asset when estate planning. You have likely spent quite some time — whether years or your entire life — building your collection; you should not leave its fate to
Powers of Attorney in Virginia Explained
Powers of attorney ordinarily form an important part of a comprehensive estate plan, whether in the form of an Durable General Power of Attorney or an Advance Medical Directive. Virginia adopted the Uniform Power of Attorney Act, effective July 1, 2010. Read the text of the Act here: https://law.justia.com/codes/virginia…