Litigation Trends: ERISA
2022 began with the decision of the U.S. Supreme Court related to Northwestern’s fee litigation case, which left the retirement plan industry wondering about the implications. Looking back on the year, ERISA law experts…
Read Moreabout Litigation Trends: ERISA
Security Breaches Defined
Since the Department of Labor issued Guidance in 2021 directing retirement plan sponsors to monitor the cybersecurity protocols in use by service providers, there has been a great deal of confusion about what exactly…
Read Moreabout Security Breaches Defined
Unclaimed Estate: $11 Million
When Joseph Stancak died in Chicago at the age of 87, he left behind $11 million, and had no will. Now, six years later, 119 distant relatives have been identified and will inherit a…
Read Moreabout Unclaimed Estate: $11 Million
Life Estates Explained
In many families, property, specifically the family home, is the most important asset for consideration during estate planning. Accordingly, lawyers share advice about how the dual goal of remaining securely at home while we…
Read Moreabout Life Estates Explained
Compliance: Year End Responsibilities
The end of the year is an important time for retirement plan sponsors to review plan documents and plan operations. Discretionary changes as well as amendments for compliance must be properly reflected in plan…
Read Moreabout Compliance: Year End Responsibilities
Cybersecurity: What About Your Vendors?
Business owners of all kinds are learning fast: cybersecurity strategies and tactics are integral to running a successful company. Attention to the cybersecurity protocols of any and all vendors (aka service providers) the company…
Read Moreabout Cybersecurity: What About Your Vendors?
What Is a Trust?
Estate planning increasingly involves the establishment of a trust, which is a practical way to designate funds for our own needs and for beneficiaries, including children or those with special needs. Trusts allow for…
Read Moreabout What Is a Trust?
Probate Complications
Probate is the legal, public process that brings closure to our affairs when we die. Probate protocols vary by state, and at some point, most families will navigate the appropriate proceedings upon the death…
Read Moreabout Probate Complications
Outcome Oriented
A recently study of nearly 2,500 adults points to what is well understood intuitively: people have messy feelings about retirement, and this makes it challenging to target communications and information about retirement savings plans….
Read Moreabout Outcome Oriented