If you want to provide for a loved one who is disabled or has special needs when you are no longer here, care must be taken to ensure that the inheritance you leave will help rather than harm your loved one. An inheritance received outright could negatively impact your loved one if he or she […]
You just found out that your favorite aunt, Aunt Melba, has died. In the midst of your grief and sadness, you receive a notice from the attorney. The attorney told you that you are Aunt Melba’s beneficiary.
When you establish a trust, you name someone to be the trustee. For most revocable trusts, you will be the initial trustee. A trustee does what you do right now with your financial affairs—collect income, pay bills and taxes, save and invest for the future, buy and sell property, provide for your loved ones, keep […]
When establishing a trust, you must give serious thought to who you choose as your successor which is the person who will manage, invest, and hand out the trust’s accounts and property once you are no longer able to do so. This individual ideally should be someone you trust absolutely; someone who is organized, responsible, […]
