UBS is in trouble again. This time for inducing a 77 year old Hong Kong woman who doesn’t speak English and who never finished primary school to sign documents in English, one making her a "professional investor" under SEC regulations. They sold her an equity accumulator – a very complicated contract not unlike the fancy
Lawyer goes to Jail for Stealing from Estate
Lou Ann Anderson writes for the Bell County Michigan Legal News Examiner. See her article about an attorney who stole $800,000 from the estate of a now deceased client. More details form Danielle Quisenberry writing for the Jackson Citizen Patriot here.
Anderson says: "Using the probate system or probate instruments (wills, trusts, guardianships, powers
Filial Support Laws – Am I My Mother’s Keeper?
A parable:
A frail old man went to live with his son, daughter-in-law, and young grandson. The old man’s hands trembled, and he often spilled his food. He dropped a good piece of china, breaking it. Exasperated, the son and daughter-in-law made the old man wooden bowls and spoons and told him to eat in the
Widow Lacks Standing to Sue Husband’s Lawyers Over Mishandled Will, Judge Finds
This article on www.law.com points out a gross inequity. Estate planning attorneys can get away with murder. Well, not murder literally, but they get off scot-free when committing horrendous malpractice because of antiquated notions about privity.
In short, the common law view is that since the heirs and beneficiaries didn’t hire the lawyer to