Category: Trusts

Matters of Trust: What Is a Living Trust and Do You Need One?

Although death is a difficult subject to discuss, it’s also a part of your financial planning obligations. You must prepare for the inevitable. Part of planning for the future means having a proper estate plan in place. Doing so minimizes financial difficulties for your family in your absence. 78% of young adults 18-36 and 64% of Generation X—aged 37 to 52—do not have wills. Be it lack of financial affluence or miseducation; both peer groups

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How Does a Trust Work?

Trusts are valuable estate planning tools if you want to ensure your children or other relatives receive their share of your estate. However, choosing whether to center your estate plan on a trust or a will can be tricky. Trusts can be independent from a last will and testament but often work hand-in-hand with them. Often, trusts are used to ensure that children or grandchildren have the funds they need to go to college, or

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Here’s What You Should Know About a Trust & How to Set One Up

Without proper planning for the transfer of your assets before your death or incapacitation, you relinquish control over who inherits your estate, potentially causing your loved ones to bear the financial burden. Fortunately, there are several strategies to prevent this all-too-common scenario, and one vital component of a well-rounded estate plan is setting up a trust. In this article, we delve into essential information about trusts and offer guidance on incorporating them into your estate

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Q & A: 5 Frequently Asked Questions About Special Needs Trusts

Are you considering providing financial support to a loved one with special needs? It’s common for individuals to name their loved ones as beneficiaries in a will, but this approach can unintentionally lead to financial turmoil. By doing so, you could inadvertently disqualify them from crucial government programs, causing them to lose vital financial and medical assistance. In this post, we’ll walk you through the ins and outs of special needs trusts, answering the top

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