Tag: Trusts
Trusts: The Swiss Army Knife of Estate Planning
“We may think of a spoiled heiress to a large fortune, whose parents were savvy enough to prevent her from having full access to her funds. On the other hand, we could imagine a loved one with special needs, whose needs will be provided for with trust-protected money.”
Trusts serve Continue reading
Estate Planning Basics You Need to Know
“Estate planning can come in a variety of forms, from basic beneficiary designations when you open a bank or brokerage account to more complex and comprehensive plans.”
The key reason for estate planning is to create a plan directing where your assets will go after you die. The ultimate Continue reading
Different Trusts for Different Estate Planning Purposes
“Trusts are legal entities that own assets, and all trusts are not alike. They are created by a written trust document with certain provisions that can vary from trust to trust.”
There are a few things all trusts have in common, explains the article “All trusts are not alike,” from Continue reading