In light of the recent passage of the One Big Beautiful Bill Act (the OBBBA), attorneys, accountants and other professional advisors must understand their ethical responsibilities to inform and notify their clients about this new law.
Professional Codes of Ethics
Trustees, chartered life underwriters, development officers and others involved in estate planning: You may be clients, attorneys and accountants and have clients who should be alerted.
The American Bar Association Model Rules of Professional Conduct (MRPC) govern the ethical and professional responsibilities of attorneys. The MRPC rules on competence and communications are the most significant and relevant to this article.
Attorneys must provide competent representation to a clien…
