Establishing a Trust for Children
Setting up a trust for a child isn’t exclusive to ultra high net worth families. In fact, creating a trust for a child may be one of the smartest things many parents can do for their children.
Read MoreTag: Trust
Charitable Trust: Philanthropy and Retirement Income
Individuals often view retirement income planning and legacy planning as discreet exercises. In fact, these planning objectives can both be met through the use of charitable remainder trusts (CRTs), which is an irrevocable trust in which you—the donor—receive income generated by the assets donated to the trust, while the remaining assets at your death are distributed to a charity selected by you.
Read More
The Differences Between Wills and Trusts
A will is a legal document that directs who will receive your assets upon your death, while a trust is a legal arrangement in which a trustee (someone selected by you) manages and holds your assets and, if desired, distributes income to the beneficiaries of the trust, as well as directs the disposition of the trust’s assets after your death.
Read More
Can We Trust Too Much?
There are downsides to trust, especially too much trust. Trust can lead us to see what we want to see—a form of confirmation bias—that can adversely affect our judgment. Trust is the grease that lubricates both business and personal relationships.
Read More
Planning for Special Needs Children
For clients who have family members with intellectual and developmental disabilities (IDD), taking care of their loved ones after they pass may be their top financial priority. One way of ensuring for the care of a family member with IDD is through the creation of a Special Needs Trust.
Read MoreRecent Videos
