Note: Please see my blog posted On August 1, 2016 for original article. President Trump signed an executive order which will ultimately nullify the new regulation which was to go into effect in April. That regulation would have required financial planners to place client’s interests first in recommending products. As a result, the continual policies…
Elder Law Attorneys are frequently faced with a myriad of issues surrounding annuities and many times find it difficult to provide adequate answers for their clients. Questions: 1) What should be done with older annuity contracts in which companies are offering financial incentives to policy holders to relinquish the guaranteed income and death benefits? 2)…
As I reported in Pennsylvania, now North Dakota, nursing homes are utilizing archaic filial support state statues to sue children of long term care patients. That is exactly what these laws allow – filial support for a parents unpaid expenses in a nursing facility or from some medical provider. Most of these state statues had…