Members of association boards must now be on the look-out for certain exclusions to their directors & officers liability policies relating to artificial intelligence. Recently, a large commercial lines insurance company introduced a new “absolute” exclusion to its D&O policies that seeks to eliminate coverage for nearly all claims related to AI-generated content, including using AI-generated content to assist with making complex financial, legal or governance decisions, as well as creating budgets, contracts, declarations, bylaws and more.
What Happens to My Animals?
“There has to be a better way to do this. If you want to leave money for your animals, you don’t want it all to go to taxes,” long-time horse owner Bonnie Ollie tells equestrian magazine USDF Connection.
For insight on finding a better way, the publication turned to Gawthrop Greenwood attorney J. Stoddard Hayes, who practices in estate planning, trust and estate administration, personal and fiduciary income taxation, and equine law. With his wife, Hayes also operates a family-owned horse farm and boarding facility.
Read on, to learn Hayes’ top tips as well as 3 options for making provisions for horses in the estate planning process.