DBA Digest for November 17, 2023

Need Credits?

The 2023 Delaware Trust Conference is On-Demand Through November 30th!

Attention Wealth Management Professionals: All the sessions of the 2023 Delaware Trust Conference are still available via the conference app. Attendees can earn up to 18.0 CLE Credits, Including 2.0 Ethics Credits! Visit the conference webpage (link below) for credit forms. All the sessions feature the stellar line-up of the nation’s top trust, legal, and wealth management experts for which the Delaware Trust Conference is known. 

Thank you to all the Sponsors, Exhibitors, Speakers, In-Person Attendees, and Live-Streamers for making the 2023 Delaware Trust Conference a memorable event!

Bank of America Private Bank Market Minute

With only seven more weeks left in the year, U.S. stocks gained last week led by the Nasdaq Composite’s 2.4% rise, while the S&P 500 and Dow Jones Industrial Average finished with smaller gains of 1.3% and 0.7%, respectively. Last Thursday, Federal Reserve Chair Powell’s comments broke an eightsession winning streak for the S&P 500 by intimating it was too early to declare victory against price pressures, while leaving the door open for further rate increases. Additionally, a government auction of 30-year U.S. Treasury bonds was met with the weakest demand in two years, helping to push up bond yields. Oil prices fell for the third consecutive week to the lowest level since mid-July over global demand concerns.

As for economic data, the University of Michigan’s preliminary November consumer sentiment index showed weak sentiment and higher inflation expectations. Falling for a fourth consecutive month, sentiment came in lower-than-expected while declining the most among lower-income and younger consumers, whereas higher-income consumers’ sentiment increased.

Todd Flubacher Inducted into

 NAEPC Estate Planning Hall of Fame

Morris Nichols is pleased to announce that Todd Flubacher has been inducted into the Estate Planning Hall of Fame^® by the National Association of Estate Planners and Councils (NAEPC). This prestigious recognition, conferred as part of the Class of 2023, celebrates Todd’s outstanding lifetime achievements and dedicated service to the estate planning field.

Todd is also a recipient of the Accredited Estate Planner^® (Distinguished) designation. In his legal practice, Todd represents trust companies, individuals, and law firms nationwide on aspects of Delaware trust law, including directed trusts, dynasty trusts, asset protection trusts, trust modifications, and tax planning.

The award ceremony took place at the 60^th Annual NAEPC Advanced Estate Planning Strategies conference on November 14, 2023. Todd joins an elite group of seven other estate planning professionals in the Class of 2023.

GF&M recognized by U.S. News-Best Lawyers® "Best Law Firms" 2024

Eight practice areas of Gordon, Fournaris & Mammarella, P.A. have been ranked in the 2024 Edition of U.S. News – Best Lawyers^® “Best Law Firms.” GF&M’ s practice areas for Tax Law and Trusts & Estates Law were listed as Metropolitan Tier 1, and practice areas Arbitration, Litigation-Trusts and Estates, Mediation and Real Estate Law were ranked Metropolitan Tier 2. Additionally, Corporate Governance Law moved up a rank since the 2023 Edition to Metropolitan Tier 1, and Corporate Law moved up a rank since the 2023 Edition to Metropolitan Tier 2. GF&M Rankings.

35 Richards Layton Attorneys Chosen as Delaware Today Top Lawyers

Thirty-five Richards, Layton & Finger attorneys have been named Top Lawyers in Delaware Today magazine’s list of the best lawyers in the state. The magazine polls lawyers throughout Delaware to compile its annual Top Lawyers list. Lawyers who received the most votes in their respective categories are designated the top vote getters, with five Richards Layton lawyers earning the most votes in their practice areas.