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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Depreciation: Time For New Tactics
The Bonus Depreciation, a popular tax deduction that was included in the Tax Cut and Jobs Act of 2017, begins its scheduled phaseout in 2023. Financial experts share tactics contractors can implement to “soften…
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Spending More Than Planned: Subcontractors
Labor and materials are costing subcontractors more then expected—lots more. Nonetheless, the majority of subcontractors experienced revenue growth in 2022 and are anticipating growth this year too. Read on for insights from the National…
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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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