The issues are complex, involving data used for research, as well as by major corporations, and compelling arguments exist on both sides regarding access to this data. There is direct fallout that impacts estate planning clients. Advisors simply must have an understanding to properly advise clients both on the estate planning and administration matters. This column is not intended as a comprehensive review of the myriad legal and financial aspects of data scraping, but conveys the key features relevant for estate planning advisors.
Mark R. Parthemer, Esq., AEP, is managing director and senior fiduciary counsel, southeast region, overseeing estate and legacy planning services at Bessemer Trust, an exclusive wealth management firm. He is an ACTEC Fellow; a frequent national lecturer and published author; chair, ABA Non-Tax Issues Affecting Estates and Trusts Committee; member, Florida and Pennsylvania Bars, Synergy Summit, and the Florida Bankers Association Executive Council; and chair, Trust Legislation Committee. He has been part of the University of Miami’s Heckerling faculty and is a former adjunct professor, Widener University School of Law. Mark often has been recognized as one of the Best Lawyers in America and a Florida Legal Eagle.
Sasha A. Klein, Esq., AEP, is a member of the Private Client Services group at Proskauer, an international law firm. To that end, she counsels affluent individuals and families in personal tax and estate planning. Sasha holds a post-doctorate degree in tax law and is an Accredited Estate Planner.