Trusts can work in various ways depending on the type of trust and how you want to pass down your assets (accounts and property). However, every trust has some things in common.
The wealth transfer process includes deciding whether to leave a loved one an outright inheritance or to pass their wealth down in a more controlled manner.
It is important to take stock of all the “stuff” beyond the legal documents for the Personal Representative charged with managing your estate.
A guide to using a general power of appointment trust to protect your spouse and preserve your legacy.
A qualified terminable interest property (QTIP) trust could prove to be more thoughtful, caring, and valuable than an off-the-shelf purchase.
When you do not have a medical power of attorney and a living will, someone else will still need to make decisions about your healthcare.
When you do not have a medical power of attorney and a living will, someone else will still need to make decisions about your healthcare.
Although we may not always recognize it, financial decisions and tasks are a part of our everyday lives. They range from daily spending habits to more complex retirement planning.
Like death, incapacity looms large, especially as you get older. Acknowledging the very real risk of incapacity is the first step in addressing it.
Due to ongoing litigation, the CTA’s compliance deadline is frozen and companies are not required to report beneficial ownership information with FinCEN.