Best Practice: Clear Communication
Misunderstandings are an overlooked problem in construction. Without consistently effective communication (up, down and all around), misunderstandings run amok, and can frequently be found at the roots of cost overruns, project delays and dissatisfied stakeholders….
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Setting Aside Money For Children?
Although the designation of a guardian to care for minor children can only be made through a will, it’s best to set aside money for them via a trust. Minors cannot directly inherit assets, so…
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Beloved Pet: Will or Trust?
Money for the care of a beloved pet can be designated through either a will or trust, though attorneys advise that trusts do have some advantages over wills. Trusts can be set up to take…
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What Are You Forgetting?
Hiring, onboarding and retaining committed workers? Networking for new business? Having the right equipment at the right time? Carefully considered reaches into new niches? Saying no to projects that won’t end well? Quality results? Clients…
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Worth Thinking About: Yes or No?
When you own a construction business, it’s easy to fall into the trap of saying “yes” to every job that comes your way. More work means more money, right? Not necessarily. Taking on every project,…
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Why Are ERISA Bonds Required?
When you sponsor a retirement plan for your employees, they are trusting you with their money. A single act of fraud or dishonesty related to the plan funds can have a devastating impact. That’s why,…
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Too Small To Face ERISA Scrutiny?
As the sponsor of a retirement plan at your business, you’ve probably heard the buzz related to ERISA investigations and lawsuits at big businesses with big names. Maybe you’ve shrugged, thinking these things don’t impact…
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What is a Court Appointed Administrator?
When someone passes away without a will, the local probate court appoints an administrator to manage the deceased’s affairs and bring their estate to a close. Administrator responsibilities typically involve settling debts, and then distributing…
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Blended Family? Avoid Intestate Succession
Without an estate plan, when we die, our debts are resolved in probate court, and then remaining assets are distributed to heirs, as dictated by state laws of intestate succession. Since the roots of these…
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