Why Even “Regular Folks” Can Benefit from Trust Funds
A trust fund is an account that gives a person control over who will receive their assets during their lifetime and/or at their death.
What Happens When Both Spouses Have a Simultaneous Death?
Sometimes the persons involved either die simultaneously, i.e., too close in time to determine clearly who survived the other or die very close in time to each other.
What’s the Best Way to Pass the Family Vacation Home to the Next Generation?
Before gifting a holiday property, an individual or couple (who can gift up to $22.8 million against their lifetime estate-tax exclusion through 2025), should find out whether their children want it.
Estate Planning for Parents with Young Children
What would happen with your kids, should something happen to you? It’s a question that most parents don’t like to think about.
Using Trusts to Maintain Control of Inheritances
Why would you leave an inheritance to a trust for a beneficiary rather than “outright” to the beneficiary? The answer is control.
Does Anyone Really Need a Trust?
The simplest definition of a trust is a three-party fiduciary relationship between the person who created the trust and the fiduciary for the benefit of a third party. The person who created the trust is known as the “Settlor” or “Trustor.” The fiduciary, known as the “Trustee,” is the person or organization with the authority…