Survivor Trustee: Cognitive Continuity Clause?
In the face of long lives and a rise in the number of people experiencing cognitive decline, some attorneys point out that incorporating a “cognitive continuity clause” in revocable trust instruments can serve as…
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Administrator Responsibilities and Bonds
When someone dies without a will, the local probate court typically appoints an administrator to bring the affairs of the deceased to closure. Once debts are paid, the state laws of intestacy dictate the…
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Supersedeas and Appeal Bonds
Though in some jurisdictions, the terms supersedeas bond and appeal bond are used interchangeably, other jurisdictions distinguish between the terms. Generally, a supersedeas or appeal bond enables the losing party in a civil litigation…
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Assigning Assets To A Trust
Designating assets to a trust is an important strategy in estate planning. Trusts can be set up to specifically address a variety of familial goals, and even to earmark funds for our own eventual…
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401k Fees: Paying Too Much?
Chances are good that if you are a plan sponsor with 100 or more employees, yes, you are paying more than what’s considered efficient. Read on for the results of an analysis of thousands…
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What’s The Difference: Bond Vs Insurance?
It’s wise for plan sponsors to know the difference between an ERISA fidelity bond and fiduciary liability insurance. Required by law, ERISA bonds protect the plan and participants. Though not mandated by the government,…
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What About The Providers of The Provider?
Retirement plan sponsors are responsible for vetting the cybersecurity practices of their third party providers. But what about the providers those providers outsource too? Yes, indeed: plan sponsors need to know about subcontractors and…
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Gen U: Unretired?
Leaving the workforce only to return has been a growing trend for “older workers.” In the face of longer life spans and the rapid pace of change, there are more questions than answers…
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Your Bond Might Not Be an ERISA Bond
The ERISA Act requires that every person who handles employee benefit plan assets or funds as well as any plan fiduciary be bonded with an ERISA fidelity bond. Those bonded must be bonded for at…
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