Text: HCR00102 Text: HCR00104 Text: HCR00100 - HCR00199 Text: HCR Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 HOUSE CONCURRENT RESOLUTION NO. ___ 1 2 BY GRUNDBERG and DODERER 1 3 A Concurrent Resolution relating to the fair treatment 1 4 of women in the drafting of wills and trusts by 1 5 estate planners, trust officers, investment advisers, 1 6 and other financial planners and advisers. 1 7 WHEREAS, the stature of women in society has risen 1 8 considerably during the last century, as they are now 1 9 able to vote, own property, and pursue independent 1 10 careers, and are granted equal rights and protections 1 11 under the law; and 1 12 WHEREAS, women are at least as fiscally responsible 1 13 as men, with more than half of all women having the 1 14 sole responsibility for managing daily family 1 15 finances; and 1 16 WHEREAS, many estate planners, trust officers, 1 17 investment advisers, and other financial planners and 1 18 advisers still use sales themes, tactics, and 1 19 practices detrimental to women, such as stereotyping 1 20 women as uncomfortable or incapable of handling 1 21 finances, and needing protection from their own 1 22 possible errors of judgment and from so-called fortune 1 23 hunters; and 1 24 WHEREAS, many estate planners, trust officers, 1 25 investment advisers, and other financial planners and 1 26 advisers still encourage the unjust and outdated 1 27 practice of leaving assets in trust for female heirs 1 28 and beneficiaries, along with senile parents, minors, 1 29 and mentally incompetent children; and 1 30 WHEREAS, these themes, tactics, and practices 2 1 continue to be repeatedly demonstrated and reinforced 2 2 in training manuals and other publications by estate 2 3 planners, trust officers, investment advisers, and 2 4 other financial planners and advisers; and 2 5 WHEREAS, such portrayal of women is not only 2 6 archaic, patronizing, and condescending, but also 2 7 leads to disparate and unfair treatment of women in 2 8 the inheritance of property and as beneficiaries of 2 9 trusts, in comparison to the treatment of men in 2 10 similar circumstances; NOW THEREFORE, 2 11 BE IT RESOLVED BY THE HOUSE OF REPRESENTATIVES, THE 2 12 SENATE CONCURRING, That estate planners, trust 2 13 officers, investment advisers, and other financial 2 14 planners and advisers should eliminate examples in 2 15 their training materials and advertisements which 2 16 portray women as incapable or irresponsible with 2 17 regard to the management of assets; and 2 18 BE IT FURTHER RESOLVED, That estate planners, trust 2 19 officers, investment advisers, and other financial 2 20 planners and advisers should develop fairer and more 2 21 balanced presentations that eliminate outmoded and 2 22 stereotypical examples which lead clients to take 2 23 actions that are sexist, patronizing, condescending, 2 24 financially detrimental, and otherwise unfair to their 2 25 female heirs and beneficiaries. 2 26 LSB 5776HH 78 2 27 jj/gg/8
Text: HCR00102 Text: HCR00104 Text: HCR00100 - HCR00199 Text: HCR Index Bills and Amendments: General Index Bill History: General Index
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