Secrecy and Practicality Too: Trust Types
Because they can be customized based on circumstances and personal preferences, including a desire for privacy, trusts are very handy in estate planning. The legal underpinnings of all trusts are similar, but the variations…
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Divorce and Estate Plans?
When divorce interrupts life, there’s a lot to be resolved, which can be overwhelming. Nonetheless, attorneys remind us not to overlook estate plans, whether they have been fully detailed or partially formed. Documents, named…
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Mind The Gaps
As the saying goes, perception is everything, and when it comes to employee satisfaction, there’s a widening gap between employer and employee perceptions of well being: according to new survey data, 83% of employers…
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Optional Provisions: SECURE 2.0
As the retirement industry works to digest the massive SECURE 2.0 legislation, more clarity is surfacing about compliance issues and implementation timelines. Not to be lost in the sauce are a variety of optional…
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Irrevocable Trust?
The thought of not being able to undo a decision is downright scary—and generally more so when it comes to money. So why would anyone want to place assets in an irrevocable trust? Estate…
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Executors: Go Above and Beyond
When a will is made, the creator designates a fiduciary, typically referred to as an executor, to see that it is carried out in accordance with state probate protocols. During probate, it is critical…
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Failure To Monitor Other Fiduciaries
Retirement plan sponsors are not only responsible for their own actions—they are obligated to monitor the other fiduciaries of the plan. Failure to monitor can result in being named personally liable in a lawsuit,…
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Making Defendants Look Dumb?
Lawsuits against 401k plan sponsors are continuing at an “unprecedented pace,” with 2022 second only to the flood 2020 brought on. Attorneys point out that despite some modest signs of courtroom optimism for plan…
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Divvying Up The Estate?
What matters most: equal or fair? Ensuring that adult children all benefit from a share of our assets requires clear thinking—and courageous communication. While it is easy and typical to say each child gets…
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