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One kind of trust that can be highly beneficial is the irrevocable trust. An irrevocable trust is one that you cannot change. Once you set up the rules, that trust stays firm. It holds your assets in the name of a third party and will not distribute them until the...
People have different reasons to start estate planning. Wanting to provide for children or spouses is a common motive. Others start to plan for their own peace of mind when they reach retirement age. If you fall into that second category of estate planners, you might...
To most people, a trust is something used by the very wealthy or possibly very famous people to protect themselves and guard their privacy. However, trusts actually have benefits for just about any situation in estate planning. If you have started estate planning or...
The United States will experience an astounding amount of wealth being transferred over the next quarter-century. An estimated $68 trillion is expected to transfer to the next generations. Making sure that your estate is distributed according to your wishes while...
Estate planning sounds like a simple, basic concept. Protect your assets and lay out a plan for distribution after death. In practice, it gets a lot more detailed. Many people create a will or other estate plan early in life - and you should. But life changes, and the...
