Serving as the trustee of a special needs trust (SNT) can be particularly challenging because it often requires long-term financial management of the trust, while maintaining a good relationship with the beneficiary. Furthermore, because trustees wield great financial power over the trust assets, oversight of their investment and distribution decisions is helpful…
It can be fun to daydream what life would be like if you hit the Powerball for $1.7 billion, but for most people, windfalls aren’t quite as exciting.
Estate planning legal matters are already confusing enough, so it certainly does not help to have similar names for related but completely different documents.
Somewhere along the way, homeowners came to believe a non sequitur of sorts, that the “American Dream” includes not only buying a house but also passing that same home on to their children. Financial advisers have largely supported this tactic for passing along generational wealth.
Receiving a financial windfall like an inheritance can be an emotional time — one that might prevent you from seeing the bigger picture.
No matter how old you are, it’s never too early or too late to begin thinking about your life insurance options.
Aretha Franklin did what she was supposed to in drawing up a last will and testament, but a crucial mistake left her multimillion-dollar estate in chaos.
For those who want to avoid the court-controlled process that takes place after a person’s death (known as ‘probate’)—using a Revocable Living Trust is typically the best way to do so.
A traditional will could be the simplest but not necessarily the best way to pass on your legacy.
When it comes to pets and estates, there are two main rules to understand.
