Scott Turnbull Delivers Presentation at Trust & Estate Symposium

Crary Buchanan’s Scott Turnbull delivered a presentation at Wilmington Trust’s 2013 Trust & Estate Symposium this past Wednesday, October 23. The seminar featured local experts in the fields of estate planning, ethics, and estate tax law and was held at the PGA National Resort in Palm Beach Gardens. Expert speakers – including Scott – provided insightful information about complex legal issues. Attorneys who attended the seminar received continuing legal education (CLE) credits, a requirement that allows lawyers to maintain their professional license. Scott’s presentation was entitled “Ethical Issues for the Trust & Estate Attorney Using Social Media.”

Donna Crary, Jennifer Williamson Featured in Luminaries

Today’ issue of Luminaries features our firm’s very own Donna Crary and Attorney Jennifer Williamson. Donna was photographed with other event organizers at the Council on Aging of Martin County reception. The reception was held in honor of the committee planning the “Night at the Outrigger” fundraising gala. Donna is co-chair for the annual event, which will take place on February 8, 2014 at the Kane Center in Stuart.

Puerto Rico Investment Losses

Have you invested in Puerto Rican municipal debt obligations or bond funds? Puerto Rican bonds are popular for their yield and their tax-exempt status. But, Puerto Rico has had financial troubles for years and is nearly insolvent. This makes these fixed income investments very risky. Several of bond funds have reportedly lost more half their value, despite being marketed to clients as “safe” and “low-risk” investments.

Morgan Stanley Faces Regulatory Enforcement Action

Did you get a fair price on the purchase or sale of your bonds? FINRA recently fined Morgan Stanley $1 million and ordered $188,000 in restitution plus interest for (1) failing to provide best execution in certain customer transactions involving corporate and agency bonds, and (2) failing to provide a fair and reasonable price in certain customer transactions involving municipal bonds.