Retirement Plan Trusts Explained
Trusts can play a variety of roles in our estate plans, since they can be specifically set up to attend to particular life circumstances. For example, a retirement plan trust shields the principal of…
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Temporary Administrator?
When a loved one dies without a will, courts may appoint a temporary administrator to take responsibility for fiduciary functions. This ensures that pressing affairs of the estate, like securing a property, are addressed…
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Pretirement: : A New Life Stage?
Although the word is new, we probably all know someone who, perhaps nudged into it by the pandemic, is “pretired”—working, but not in the same way as before, on the path toward retirement. Indeed,…
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Devastating To Plan Participants
Among other fiduciary breach claims, a new lawsuit, filed by retirement plan participants against a freight transporting business, alleges plan sponsor failure to monitor revenue-sharing payments for reasonableness, and describes the results to participants…
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Summary Plan Description?
A proper SPD is mandatory for compliance of the company sponsored retirement plan with ERISA. Importantly, a good, solid SPD is also helpful in the administration of the retirement plan and can even be…
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2023’s Coming: Contribution Limits
Though many of us are still wondering where August went, we’re actually closer to New Year’s 2023 then Labor Day 2022. The government has announced the contribution limits for elective deferrals to retirement accounts…
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Filing A Will in Probate Court?
Families frequently—and mistakenly—believe that when a will exists, probate can be avoided upon the death of a loved one. The fact is, a will needs to be filed in probate court, and this is…
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Customizing A Special Needs Trust
Establishing a Special Needs Trust for a loved one ensures allows you to think about their needs, including the importance of maintaining eligibility for government benefits. Lawyers explain how a trust can be customized…
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Avoid Disputes
Avoid Disputes In addition to all the other important reasons to carefully prepare a will and or trust, is this one: having a solid estate plan is the best way to avoid the disputes that…
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