Tag: Revocable Living Trust
Why is the revocable trust so appealing? You can change it whenever you’d like. You do not have to have a lot of money or assets in order to benefit from the use of trusts, according to Barron’s in “Why a Trust is a Great Estate Planning Tool – Even if You’re Not Rich“. Many […]
More than 5.7 million people in this country are suffering from the disease. More and more members of families are experiencing the dilemma of expressing their wishes before they become incapacitated from Alzheimer’s Disease, according to USA Today in “B. Smith’s Alzheimer’s raises question: How to protect your wishes when incapacitated“. The article discusses the […]
Giving for the tax break or to better your community? Or Both? Some people donate to charities primarily for the tax breaks, so the U.S. Tax Cuts and Jobs act may cause them to review their charitable giving, says Barron’s Penta in “How to Leave Assets—With an Immediate Tax Write-Off“. The charitable deduction for gifts […]
Many of the problems that arise in managing an estate can be avoided by careful planning. Some of the friction within the family and difficulties in dealing with an estate can go more smoothly, if you know a few things about estate planning and your goals, according to The Register-Guard in “Final farewell needs to […]
There are many options when estate planning and a revocable living trust may or may not be a good option for you. The Motley Fool recently discussed the benefits and drawbacks of revocable living trusts in “Is a Revocable Living Trust Right for You?“. The biggest benefit of a revocable living trust is that your […]
There are complications to using a revocable living trust to protect your assets. A revocable living trust is often used to protect assets from creditors and liability lawsuits but as Market Watch discusses in a recent article “Why your revocable trust is not protecting your assets,” it is not always that simple. Revocable living trusts […]
“An irrevocable trust is a trust generally created during someone’s lifetime that is exactly what it says — it can’t be revoked.” Tom Benson and his grandchildren are in a fight over the ownership of the New Orleans Saints NFL football team and the New Orleans Pelicans NBA basketball team after his death. The family […]
If you have a revocable trust or living trust, best to check out what’s in it before you, your spouse and your children get a nasty surprise. And if you don’t have one but still want one, don’t sign anything that could have come from a vending machine. Revocable Living Trusts can provide an excellent way […]
If the SCF represents a good cross section of the country (it really tries), that means that overall about 0.95 percent of Americans have a trust fund from their parents. Have you set up a trust fund for your kids? If not, you might think trusts don’t apply to your financial situation. But what if […]
Recently, Paul Walker’s father filed to open the estate, including Walker’s Last Will and Testament. It sheds some interesting information about the Paul Walker Estate and highlights some valuable estate planning lessons. When it comes to celebrity estates, there are many lessons we can all learn about planning. And although the media tends to highlight […]
