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Elder Law

Estate Planning

Freezing Out Seniors – New Financial Exploitation Law Has Protections and Risks

Meet the brand-new Chapter 280 of the Texas Finance Code, effective September 1, 2017. You need to know about this one. Going by the catchy name “Protection of Vulnerable Adults from Financial Exploitation,” Chapter 280 puts the onus on financial institutions, securities dealers and investment advisers to help protect seniors (65+) from fraud and financial exploitation. This is a good news – bad news law. The good news is that...
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