Wells Fargo to Close 450 Branches: As such, if you need a place to obtain a green medallion signature guarantee – try online instead of a branch – www.eSignatureGuarantee.com

Wells Fargo to Close 450 Branches

To improve efficiency, the nation’s third biggest bank by assets will prune its expansive branch network.

John Maxfield

(JohnMaxfield37)

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.

Continue reading “Wells Fargo to Close 450 Branches: As such, if you need a place to obtain a green medallion signature guarantee – try online instead of a branch – www.eSignatureGuarantee.com”

What You Should Know About Creating A Last Will & Testament

Jodi B. Zimmerman, Esq.

 

Jodi B. Zimmerman, Esq.

Sichenzia Ross Ference Kesner LLP

Email: jzimmerman@srfkllp.com

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

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Last Will & Testament vs. Revocable Living Trusts; How Do You Choose?

Jodi B. Zimmerman, Esq.

 

 

Jodi B. Zimmerman, Esq.

Sichenzia Ross Ference Kesner LLP

 

There are three basic ways for your assets to be transferred on your death:

  1. The Last Will & Testament which is the common method;
  2. The Revocable Trust (also referred to as a “living trust”) which offers some advantages over a Will; and
  3. Beneficiary designations, for assets such as life insurance and IRAs.

Continue reading “Last Will & Testament vs. Revocable Living Trusts; How Do You Choose?”