A Pension Hole the Size of Japan’s Economy (Part 2)
    In last week’s post I wrote about the growing public pension crisis in our country. A recent Wall Street Journal article highlighted the efforts by different states to try to start solving the problem which will only grow worse in coming years.     Some pension recipients
A Pension Hole the Size of Japan’s Economy
               The title of the article in the Wall Street Journal a few weeks ago was intended to turn heads. (See https://www.wsj.com/articles/the-pension-hole-for-u-s-cities-and-states-is-the-size-of-japans-economy-1532972501?mod=hp_lead_pos7) There has been an increasing amount of coverage in the media about the pension crisis in the country, specifically the underfunding of public employee pensions. According to the
Resistance to Power of Attorney – Part 3
               In this week’s post we continue with the topic of power of attorney and specifically how to handle resistance from banks and financial institutions. Last week I outlined the scenarios in which a bank can refuse to honor a power of attorney. New Jersey law says that a banking
Resistance to Power of Attorney – Part 2
               Last week’s post again addressed the use of powers of attorney and specifically the problem of encountering resistance by a financial institution. As I explained, many financial institutions prefer that customers sign their own form of power of attorney and do so in front of one of their employees.Â
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