Wells Fargo to Close 450 Branches
To improve efficiency, the nation’s third biggest bank by assets will prune its expansive branch network.
Jul 18, 2017 at 9:11AM
Wells Fargo (NYSE:WFC) has long been known among analysts and commentators as one of the nation’s most efficient banks. As a result, when its efficiency started to slip recently, the bank responded by announcing initiatives to cut annual expenses by $4 billion by the end of 2019.
Jodi B. Zimmerman, Esq.
Sichenzia Ross Ference Kesner LLP
What You Should Know About Creating A Last Will & Testament
First: Why You Need A Will and What happens If You Die Without A Will?
⇒ It’s important to have a Will so that your family/friends/business associates don’t spend the next decade fighting, in court and possibly in person…with fists.
- This can get even uglier if you have young kids, or lots of money and property, or both.
⇒ If you die without a Will, in most instances, your property will be distributed among your closest surviving relatives, including assets and custody over minor children. (“succession laws.”)
⇒ Your estate will still have to go through the probate process (but called Administration), and “intestacy laws” kick in to determine who gets what.
⇒ A few examples of New York intestacy laws:
- If you are survived by
o your spouse only = everything you own will go to your spouse.
o your spouse and one or more children = your spouse will receive $50,000 and ½ the rest of your estate, your remaining estate will be given to your children by representation. No consideration is given to special circumstances (i.e. infirm child).
Second: Decisions You Have To Make