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These reports are published by the American Academy of Estate Planning Attorneys and cover a wide-variety of subjects relating to estate planning.
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Are Your Bank Accounts Safe? FDIC Insurance Can Cover You – With the Right Planning
Are you concerned about the safety of your bank accounts? If so, your fears are justified. Early in 2008, the Federal Deposit Insurance Corporation (“FDIC”), which insures bank deposits, reported the biggest jump in "problem institutions" it has seen since the Savings and Loan Crisis of the late 1980s. The FDIC identified 76 banks in trouble, a 52% increase from the prior year. In fact, some experts predict as many as 200 bank failures could occur in the next few years.
But there’s also good news. With proper planning you can protect your assets – even if you have considerable assets.
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