Thursday, April 3rd, 2014

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GM’s Ignition Switch Recall

Should manufacturers be liable when they sell products that are defective and cause injury and death?  Recent reports in the press indicate that General Motors knew not only that its ignition switches in 1.62 million now-recalled cars were faulty, but it also knew the problem was made worse by the position of the switch where it is easily bumped.  This situation is made worse by the fact that when the ignition switch is turned off the airbags won’t deploy and the steering is compromised.  Numerous injuries, and some deaths, have been reported due to this defect.  These injured people should have their day in court.  However, it has been suggested that GM’s prior bankruptcy may cut off liability to those injured.

GM’s Ignition Switch Recall – A Prime Example of Why It’s Not Sound Policy to Let Bankruptcy Courts Cut Off Tort Claims : GlobalTort.

American Heritage Financial Estate Planning Presentation – May 7, 2014

Learn about creating an Estate Plan that reflects your values, helps your heirs, protects your assets, and has optimum tax efficiency.  R. Bryan Nace will be speaking at the American Heritage Financial Estate Planning presentation on May 7, 2014 at 7 pm.   Topics include trusts, living wills, powers of attorney, long-term care risks, avoiding probate, and more.   The presentation will address common questions such as:  Do you need a trust? Should you have a power of attorney? Do you need a will?

The presentation will be held at Rosemont Country Club, 3777 Rosemont Blvd., Fairlawn, Ohio 44333.  Light refreshements will be served.

If you are interested please register by contacted Joy at joy@egifinancial.com or 330-535-0881.  Please RSVP by May 1, 2014.  You are welcome to bring a friend or family member who may be interested in these topics.