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A Trust Can Be a Flexible and Smart Legacy Solution

A Trust Can Be a Flexible and Smart Legacy Solution

When planning your legacy and thinking about your family’s future, you may want to consider a trust. If you’ve avoided this financial tool because it seems too restrictive, it might be time to reconsider. Trusts are popular when the beneficiary is incapable of handling asset management, but they can also be fairly flexible, depending on how they’re structured. Beneficiaries can be granted a decent amount of control while still enjoying the benefits of asset protection and tax savings.
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Money and Marriage

Money and Marriage

Why do so many couples have trouble talking about money? In a survey by the National Foundation for Credit Counseling, 68 percent of the people responding held negative views toward having a discussion about money with a fiancé. Five percent of them even felt that it might lead to cancelling the wedding.
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Give Your Family the Roadmap to Your Legacy

Give Your Family the Roadmap to Your Legacy

Creating a legacy can be a dual effort but oftentimes one person in the household takes the lead on planning. It’s a natural approach because when one person does the job, you avoid duplication of effort. It would be easy to overlap if both you and your spouse were heavily involved in the planning process. While it makes sense to delegate the responsibility to one person, what if that person should die first?
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Should You Consider a Trust?

Should You Consider a Trust?

When most people hear the word “trust,” they think of the ultra wealthy. And for good reason. Many wealthy people use trusts to protect their assets from estate taxes and other financial threats, and to pass along fortunes to children and dependents. But trusts can be used for a number of purposes beyond just saving on estate taxes. Here are a few of the reasons you might want to consider a trust as part of your financial and estate plan. I’ve also included a brief description of some of the types of trusts people have used in these situations.
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Shield Your Personal Information

Shield Your Personal Information

In the face of the recent cyberattack on the U.S. government, it’s natural to examine our own vulnerabilities to cybercrime. China has proven that our personal information isn’t secure even at a national level, a level once thought to be impenetrable. Many Americans are now thinking more critically about where they place their information and whom they entrust to handle it.
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