Category: Trusts
Trusts
What are the benefits of a revocable living trust?
It can be a very daunting prospect to consider how to set up your will or living trust. There are many options, and choosing the right one for you will depend on your circumstances. However, a revocable living trust remains to be a viable and flexible option for many people. This blog will provide a
Incentive trusts stop professional heirs
Have you ever heard of rich children referred to as “professional heirs” by their peers? It’s not a term of endearment. Generally speaking, it means these people did not do anything but inherit money from their parents. They buy homes, cars and more with that money. They don’t work. They were simply given enough that they could
What is a spendthrift trust?
Thinking of leaving your assets to an heir who simply can’t control the way he or she spends money? Worried that your heir will blow through all of the money quickly, wasting what you’ve put together over the years, rather than using it wisely or saving it? Don’t worry. There’s a trust for that. A spendthrift
Trust funds aren’t just for rich people
For most people, the only time they’ve heard about trust funds is when the word “baby” is attached to it, as in “he is a trust fund baby.” But the fact is that there are a variety of trust funds available to you no matter the value of the asset you’re trying to protect. What