The product is meant to protect the executor and the estate from many of the potential legal liabilities that can arise from the managing of an estate
Regulators are continuing to mull over possible changes to the rules that restrict dealer employees from acting as an executor, power of attorney (POA), or trustee
Proposed amendments aim to clarify the limited circumstances in which reps can act under powers of attorney, or as trustees and executors for clients
The CEA program has been accredited for up to 30 hours of CE credits with various reputable organizations
Many family executors fail to appreciate the weight and complexity of the task. Advisors can help clients have these conversations
Investment dealers get nine-month extension
As a financial advisor, you are not permitted to act as executor for your clients. You can, however, offer valuable advice in helping your client select an appropriate person and avoid serious problems in the settlement of an estate
More time needed to consider proposed amendments regarding personal financial dealings with clients
You can provide valuable advice in explaining the options and help your clients choose a trustworthy candidate. Then, you can follow up by meeting with both the executor and the client to review the process and answer any questions
Once an estate plan is finalized, it’s critical to ensure the right person – or team of people – is appointed to execute it, especially when family tension exists