Estate Executors vs. Trustees
A deceased person’s estate may have an executor and a trustee, but the two of them serve different purposes even if they can often be appointed at the same time. What are the differences between the two…
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Surety Bonds Ensure that Estates are Managed Honestly
Estate administrators and executors have a lot of duties in managing estates. They are accountable to all who have claims on a deceased person’s assets. They have to pay claims filed against the estate with estate assets….
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Set Up Trusts to Ensure Finances Are Used How You Would Like
Setting up a last will and testament directs where and to whom your money goes, but it does not detail how exactly your assets are to be used overall. Estate executors may then determine what…
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New Jersey Estate Executor Requirements
State of New Jersey statutes do not lay out particular requirements in order to be named an estate executor in the State of New Jersey. Essentially, it just has to be an adult. The court will then…
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Failed Pension Investments Can Lead to Fiduciary Liability
Pension plan fiduciaries such as plan sponsors have to worry about a lot of different scenarios that could result in a fiduciary duty breach and liability. One of the most dangerous scenarios that fiduciaries have…
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Non-diversified Investments Lead to Fiduciary Liability
As a plan sponsor, you may think one investment you have will work wonders for the plan funds you are in charge of. But what if it does not? What if it fails? Then you…
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Slightly higher 401(k) Fees Make Plan Sponsors Liable
Paying 1% higher fees than the average rate for someone to administer a 401(k) plan does not sound like it would cause too many problems. But paying fees even 1% higher than average in 401(k)…
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Pension Professionals: Find New Solutions, but Don’t Forget Fiduciary Duties
There are few virtues more valued in American business than innovation and new ways of thinking. Pension professionals have their own opportunity to unleash new ways of thinking when creating arrangements and plan features. But…
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The U.S. has Lost $1.6 Trillion Due to Data Breaches Since 2008
Since 2008, the United States has lost an overall amount of more than $1.6 trillion due to data breaches alone. Even these figures may be on the low end of the real number lost, however, as…
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