Artificial intelligence (AI) has taken a giant leap forward recently, bringing what seemed to be the future into the present. AI programs are already transforming businesses by producing automated responses to customers, marketing materials, emails, and virtual education programs. You may be wondering about the effects of programs like ChatGPT on the estate planning industry. Could your job eventually be replaced by a machine? We put this emerging intelligence to the test to see if an AI program could create an effective trust. Keep reading to see the results of this experiment.
AI and the Future of Estate Planning: Can ChatGPT Draft a Trust?
By WealthCounsel Staff on Jun 23, 2023 10:01:00 AM
Current Developments in Estate Planning and Business Law: June 2023
By WealthCounsel Staff on Jun 16, 2023 11:51:31 AM
From the Ninth Circuit Court of Appeals’ ruling holding trustees and beneficiaries liable for unpaid estate taxes to the invalidation on constitutional grounds of a California statute requiring diversity in corporate board membership, we have recently seen significant developments in estate planning and business law. To ensure that you stay abreast of these legal changes, we have highlighted some noteworthy developments and analyzed how they may impact your estate planning and business law practice.
World Elder Abuse Awareness Day: Can Attorneys Report Elder Abuse?
By Jill Roamer, JD, CIPP/US on Jun 15, 2023 5:45:00 AM
World Elder Abuse Awareness Day is commemorated each year on June 15. If communities can better understand elder abuse, folks can be better equipped to recognize it and take steps to prevent it. Elder law attorneys are in close proximity to seniors and are often in a unique situation to observe signs of elder abuse. However, are attorneys allowed to report such abuse?