Tips for Naming An Executor
When a will is made, an executor is named to execute it. Typically, adult children or other close friends or relations are designated. Be sure, however, that whoever you name understands that real responsibilities…
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Pay Day?
Even in a slower economy, the demand for contractors remains strong overall, especially on projects involving public funding. However, the combination of labor shortages, pay expectations and shifts in compliance and human resource practices…
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Can You Make More Money?
Since it’s typical for contractors to be churning along at or near capacity, the question of how to generate more profit, can indeed be perplexing. Finance experts remind us however that it is…
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Irrevocable Trust Problem? Decant!
As the name implies, an irrevocable trust is generally difficult to modify, once created. Despite this, irrevocable trusts can be a helpful way to protect assets as well as assure eligibility for public benefits,…
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Executor, Guardian, Conservator?
These are three different and important fiduciary roles. During estate planning, families will make the appropriate designations depending on their circumstances–and sometimes, all three might ultimately be needed. Read on to understand more about…
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2023: So Far, So Good?
For contractors, the answer likely lies in whether or not you are getting in on publicly funded work related to manufacturing and infrastructure. In contrast to strong gains in these sectors, work in the…
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What Did You Say? Change Order Disputes!
Disputes are bad for business–obviously. Nonetheless, sometimes avoiding them is easier said than done in the contracting business. Insiders share tips on preventing shifting plans from spiraling into costly and disruptive disputes. Stop…
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Prediction: More Cybersecurity Lawsuits
For plan sponsors, increased cyber threats to the retirement accounts of plan participants bring a rising risk of allegations of fiduciary breaches. Experts stress that to prevent “catastrophic results,” plan sponsors need to monitor…
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Missing Participants? Document The Search
Regulators at both the IRS and the DOL have been urging increased effort to address the challenge of missing participants and distribute benefits on schedule. Experts remind plan sponsors that diligent action is insufficient:…
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