Trusts fall into one of two main categories. The first category is composed of those that are established while the grantor (one who establishes the trust) is alive and are termed inter vivos (while living) trusts.
You may have a will or a full estate plan that was prepared by an attorney in another state, or perhaps you haven’t yet taken the important step of planning your estate.
Parents are often more than happy to offer financial advice to their children. They like to feel needed and want to make sure you're on solid financial ground. However, it's important to turn the tables and ask about their financial plans, too.
People frequently hear that they should visit their attorney to have their wills and other important legal documents prepared, but many people procrastinate. Therefore, if you’re in that group, do not feel like you’re alone.
Since women live approximately 4.9 more years than men, it is critical for both single and married women, regardless of age, to take estate planning seriously.
Do you have a friend or family member who is that pet owner? Expensive toys. Over the top sweaters. A Facebook or Instagram account filled solely with pet pictures. Maybe you are that pet owner, if you are reading this article.