In the most recent installment of the McGuireWoods Fiduciary Advisory Services annual multipart series on recent fiduciary cases, developments in the law concerning various topics are examined through the following:
Vassil v. Office of Pers. Mgmt. et al., Case No. 16-13176 (E.D. Mich. Jan. 31, 2017) Regarding beneficiary designation of life insurance policy, the Federal Employees Group Life Insurance Act provisions outlining designation procedures preempt state law and strict compliance is required.
In re Bradley K. Brakke Trust, 890 N.W.2d 549 (N.D. Feb. 23, 2017) -
The Uniform Probate Code governs settlement agreement involving disposition of estate and trust assets at settler’s death and allegations of lack of capacity rather than Uniform Trust Code.
Please see full publication below for more information.
