Get the Ultimate Guide to Legal, Tax and Financial Freedom

Showing by category: Estate Planning

The Truth About Personal Risk Management Part 2: Using Trusts in Estate Planning

Paying insurance premiums to protect against potential losses frees us mentally to enjoy driving a car, leave our house empty while on vacation and receive medical treatment for an injury or illness. In the same way, the use of trusts acts like insurance and can shift anxiety to comfort, turmoil to peace, and complexity to understanding.

The Key Takeaways

  • Trusts provide a protective cure for many of the financial anxieties, concerns, frustrations and hassles we fear for ourselves and loved ones.
  • Trusts also provide similar assurances for business owners and for those with considerable assets.
  • The benefit of planning is peace of mind for you and your family now.

Showing by category: Estate Planning

The Truth About Personal Risk Management, Part 1: Insurance

Personal risk management is being aware of the risks in your home and in your life, and then plannin[more]

Budgeting, Part 3: Instilling Money Values in Children and Grandchildren

Money values can be a guiding light that is a component of your legacy. If communicated frequently a[more]

Strategies for Those Awkward Financial Discussions

There may be people close to you (spouse, parents, children) who are practicing financial behaviors [more]

Budgeting, Part 2: A Fulfilling Method for Setting Spending Priorities

Setting spending priorities will allow you to process your income in a rational way, while giving yo[more]

Budgeting, Part 1: Budgeting as a Friend and not a Foe

Budgets do control spending behavior. However, budgets also allocate resources to the areas of highe[more]

How to Make a Family Meeting a Successful Part of the Estate Planning Process

You’ve made the hard decisions, your documents are signed, your trust is funded, a business succes[more]

How to Choose a Trustee

When you establish a trust, you name someone to be the trustee. A trustee basically does what you do[more]

Organize Information for Your Family

Think for a few moments about what would happen if you suddenly became incapacitated or died. Would [more]

Why Does a Living Trust Cost More than a Will?

It will probably cost more initially to set up a well-drafted living trust than to have a will prepa[more]

Providing for Your Parents in Your Estate Plan

If you are part of the baby boomer generation (born between 1946 and 1964), you may also find that y[more]

Who Should Be Your Successor Trustee?

If you have a revocable living trust, you probably named yourself as trustee so you can continue to [more]

Estate Planning for Unmarried Partners – Part 1

Planning for After Death Estate planning is creating a set of instructions that specify how property[more]