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6 Cards in this Set
- Front
- Back
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What does the CLARD stand for in CLARD AS PAID?
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Trustee's duties of:
C - confidentiality L - Loyalty A - adverse interest (do not take) R - reasonable care D - disclosure |
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What does the "AS" stand for in CLARD AS PAID?
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Trustee's duties
A - account S - self-dealing (avoid) |
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What does the 'PAID' stand for in CLARD AS PAID
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trustee's duties
P - prudent investor A - administer I - impartiality D - delegate |
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What does the A MAD stand for in A MAD TIP?
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personal representative duties
Account Manage and protect assets Assets - collect assets Debt - pay debts |
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What does the TIP stand for in A MAD TIP?
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personal representative duties
Taxes - pay taxes Inventory and appraisal Pay creditors' claims |
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What is the mneumonic device for initial client interviews?
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POKS
P - potential or actual conflict O - opportunity - client must have opportunity for K - knowing and intelligent waiver of conflict and S - separate counsel -- opportunity to seek separate counsel. |
