Dotting the I’s and Crossing the T’s
Just because you make out your Will does not mean all your property will pass through it. There are certain types of assets that pass outside of a Will, according to contract. For example, life insurance policies, retirement plans and payable-on-death/ transfer-on-death accounts are all considered “contracts”. The beneficiaries you designate will inherit these assets
“Mission Drift”: Losing Your Grip!!!
It is relatively common for a 501(c)(3) nonprofit organization to unintentionally drift away from its mission. This concept is referred to as “Mission Drift”. There are a number of signs that reveal an organization is suffering from this problem, including: large turnover of board members and/ or staff; obscurity as to what your organization’s mission
Intestate Succession: What the State says…goes
Didn’t make your estate plan? No worries- the State will make it FOR you! To die “intestate” means to die without a Will. When this happens, assets that would have passed under your Will, pass according to the laws of “intestate succession” to your closest relatives. These relatives are carefully defined by State Law and
Myth Busters Edition: Powers of Attorney are only for the Old, Sick and Single!
MYTH: You only need a Power of Attorney if you are aging, sickly or single. FALSE! Let’s bust this myth! EVERY ADULT needs Powers of Attorney for healthcare and for financial/ personal matters. If you don’t have these documents in place and something unexpected happens to you, there is no guarantee that the people you