Managing Risk in Trust Administration

By WealthCounsel Staff on Aug 21, 2020 10:00:00 AM

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Offering trust administration services can be highly profitable and rewarding for your law practice. Attorneys providing legal services to fiduciaries in postdeath administrations can deliver more holistic “cradle to grave” care for estate planning clients and receive an additional steady source of income. However, this area of law is not without risks—the amount of time, attention to detail, and competence required in guiding fiduciaries through the administration process can leave an attorney vulnerable to malpractice claims and unhappy clients. 

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Current Developments in Estate Planning and Business Law: August Review

By WealthCounsel Staff on Aug 14, 2020 10:00:00 AM

Legal News

From the issuance of Section 199A final regulations to COVID-19-related guidance under the Family and Medical Leave Act, we have recently seen some significant developments in estate planning and business law. To help you stay abreast of these legal changes, we’ve highlighted a few noteworthy developments and analyzed how they may impact your estate planning and business law practice.

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Arbitration Provisions in Continuing Care Retirement Community Contracts

By Jill Roamer, J.D. and Marchesa Minium, J.D. on Aug 13, 2020 10:26:00 AM

Continuing-Care-Retirement-Community-Contracts

Arbitration agreements have been a hot topic in recent years. Last year, WealthCounsel posted a blog on the benefits and disadvantages of mandatory arbitration agreements. One of the major disadvantages is that mandatory arbitration provisions in contracts limits the choice to pursue other legal remedies should a legal dispute arise. Last year, CMS issued a new rule repealing the prohibition of the use of predispute arbitration agreements by long-term care facilities. But is there state law that could possibly protect residents in other types of care facilities? Let’s take a look at some recent case law that addressed this issue.

In Harris v. University Village Thousand Oaks (UTVO), a California Court of Appeals applied the state law that prohibits arbitration agreements in residential rental agreements to continuing care retirement community contracts. Any such agreement is void on the basis of public policy due to Cal. Civ. Code, § 1953, subd. (a)(4).

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