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Read GoFisch: First Newsletter of 2018

Newsletter
GoFisch January Newsletter

The January edition of GoFisch is live! This month’s edition features:

Estate Planning Spotify GoFisch

  • A curated Spotify playlist to get you inspired to finally fill out my estate plan questionnaire.
  • The rundown on resolutions you can (and will) actually keep this year!
  • Nonprofit & philanthropy news.
  • Must-read blog post highlights.
  • A short video explaining how helping causes and organizations important to you can also help with your tax bill.

Like what you read? Don’t forget to subscribe to GoFisch and tell your friends!

January 26, 2018/by Gordon Fischer
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Now Hiring: 4 Reasons Your Nonprofit Needs Job Descriptions

Employment Law, Nonprofits
red for hire sign

It may sound basic, obvious even, but if your nonprofit organization is hiring any employee or independent contractor, you NEED to have job descriptions for each role. And, not just basic job descriptions, but comprehensive overviews of the open position. Be it a position for chief executive officer, marketing manager, or programs director, the advice remains the same.

8 Clauses That Should be in Every Executive’s Employee Agreement

Job descriptions are in part a legal protection, and in part a primary means for announcing the open position to both internal and external stakeholders which is going to help you find or recruit the best candidates for the organization. If that’s not enough to convince you, consider these four major reasons:

  1. Job descriptions can be used as a basis for objective performance management. It provides both management and employees a shared understanding of the duties of the position.
  2. Job descriptions assist in making sure staff duties align with your organization’s overall mission and vision.
  3. When conducting interviews, job descriptions can, and should, inform the development of interview questions.
  4. Job descriptions can be the foundation of a compensation system that accurately reflects employees’ qualifications and responsibilities in the organization.

woman working on computer

I’m here to assist you and your organization on the legal aspects of nonprofit employment ranging from new hires, to employee handbook, to employment contracts. Don’t hesitate to contact me via email or phone (515-371-6077). We’ll schedule your free one-hour consultation and make a plan to set your organization up for success!

January 22, 2018/by Gordon Fischer
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6 Simple Tips for Beneficiary Designations

Estates & Estate Planning
woman doing photo at sky

You’ve almost certainly had to designate your beneficiaries on savings and checking accounts, life insurance plan, annuity, 401(k), pension, or IRA. All of these accounts are passed along at the time of death via beneficiary designation (sometimes referred to as payable on death (PODs) or transfer on death (TODs) accounts). It’s easy to forget, but beneficiary designations take precedence over whatever is written in your will. So, even if you have the six basic “must have” estate planning documents in place, you still need to address who is named as your beneficiaries.

I have a few simple tips for reviewing and protecting your important accounts:

  1. Be sure to name a primary beneficiary (or beneficiaries), using the appropriate beneficiary designation forms.
  2. Be sure to also name an alternate beneficiary in case the first beneficiary dies before you.
  3. Don’t name your estate as the beneficiary (not without lots of expert advice).
  4. Review the beneficiary forms once a year to make sure they still reflect your wishes.
  5. Update the beneficiary forms more often if there has been a change in your life circumstances, such as a birth, adoption, marriage, divorce, or death. For example, if you’ve gotten a divorce you may not want your ex-spouse to be the beneficiary of your life insurance.
  6. Each time you change the beneficiary designation form, send it to the organization that holds the account, and request they acknowledge receipt.

 

couple holding hands in green space

Checking your beneficiary designations is a smart estate planning step you can take today. But, of course, you’re going to need a solid estate plan to account for all of your assets that are not transferred via beneficiary designation. A great way to get your key estate plan documents started is by downloading my free, no-obligation Estate Plan Questionnaire. You can also contact me by phone (515-371-6077) or email with any questions or concerns.

January 21, 2018/by Gordon Fischer
https://www.gordonfischerlawfirm.com/wp-content/uploads/2015/10/aki-tolentino-125018-e1516653555999.jpg 2625 5955 Gordon Fischer https://www.gordonfischerlawfirm.com/wp-content/uploads/2017/05/GFLF-logo-300x141.png Gordon Fischer2018-01-21 23:01:532020-05-18 11:28:566 Simple Tips for Beneficiary Designations
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  • Powers of Attorney (23)
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  • Trusts (30)
  • Uncategorized (5)
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  • Wills, Trusts & Estates (100)

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News, notes, and points-of-view on estate planning and nonprofit law

Gordon Fischer Law Firm, P.C.

Gordon is based in Cedar Rapids and serves clients all across Iowa

Get in touch

(515) 371-6077 gordon@gordonfischerlawfirm.com
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