Tag: Trusts
A family often needs available cash assets when the breadwinner passes away but life insurance can create a problem. While life insurance can often be the answer for a family in need of cash assets because it pays out immediately, that solution may not be the right answer, according to Forbes in “3 Considerations for […]
There are a lot of legal documents and it may be wise to learn a bit about them. The Ventura County Star recently published a list of basic estate planning documents that could help you better understand the lingo when meeting with an attorney in “Get to know estate planning documents.” The documents included are: […]
Trusts are sometimes difficult to understand but acquiring that knowledge can be very beneficial. When a person learns they may need to set up a trust, the terminology can be challenging but there are some common trust types as the Motley Fool recently discussed in “Navigating the World of Trust Funds: Your Quick Guide.” The […]
Dear Abby column advises setting up trust but is that really good advice under the circumstances? A Dear Abby column was recently published in the Chicago Sun Times on setting up a trust in “Dear Abby: He wants a night when wife dresses sexy.” But is that advice really the right way to go? The […]
Setting up a trust takes work, effort and time but the results can solve a lot of problems. Creating a trust can be time-consuming but the efforts almost always pay off as reported in the Green Bay Press-Gazette article “Setting up a trust is worth the work.” The two biggest advantages to a trust are […]
The basics of a trust can be of great help in estate planning. The Motley Fool recently discussed some of the basics of the use of a trust in estate planning with its article “What Is a Trust Fund?”. The benefits of a trust and the advice for using them can be found in many, […]
Prince passed away without an estate plan and now musicians rethink the future. Following the death of Prince, Billboard has published an article “Avoiding The Prince Syndrome: A Primer On Estate Planning,” which includes some guidelines for musicians looking to protect their heirs with an estate plan. Among the tips are: Hire a good estate […]
Sometimes it is necessary to name a trust protector as well as a trustee. Because it is not always possible to name the right person to be a trustee over an estate, it is sometimes necessary to designate a trust protector, according the Yuma Sun in “Estate Planning: Who oversees a trust administration?”. Basically, a […]
No estate plan or a bad estate plan will most likely result in tough times for your heirs. While not all estate plans are equal, they can generally be easy to implement as Kiplinger wrote about recently in “4 Strategies to Avoid an Estate-Planning Mishap.” They include: Get a basic will that details who you […]
Two of the keys to estate planning are wills and trust, but what does one actually need? Wills and trusts are two of the key strategies for passing on assets in estate planning—with a trust generally being the most complicated. The Brainerd Dispatch recently discussed whether a trust is necessary in “Commentary: When does it […]
