Elizabeth and Darrin Knight employ an accountant to manage both their business and personal tax concerns and a financial planner to manage their stock portfolios, as well as life insurance/annuity investments. As is the case with many busy business professionals, the Knights rely on and trust these individuals to act in their best interests. Knowing that the law firm is working on the Knights' estate plans, Angel Cabrera, their financial planner, has called to discuss life insurance trusts. Several ethical concerns come to mind such as fee splitting with other professionals, and rule of confidentiality.

Using the ABA Model Rules of Professional Conduct, discuss how you should handle this situation (be sure to identify and discuss the relevant provisions of the Model Rules).

Answer rating: 100% (QA)

In the scenario described as a legal professional working on the Knights estate plans its essential to adhere to the ABA Model Rules of Professional C... View the full answer