Trusts

If you look up the term "spendthrift" in a dictionary, you'll find that it refers to someone who isn't good at saving their money or spending it wisely. These people are not "thrifty," but very much the opposite. If there's money in their pocket, they'll spend it...

Imagine you have spent your entire life working hard to save and earn your money. Nevertheless, you are now too old and infirm to care for yourself and you need to move into a long-term care facility to benefit from round-the-clock medical care. Unfortunately, if you...

Many people enjoy setting up a charitable remainder trust because it will ultimately benefit the charity of their choice. However, the primary reason why most estate planners create a trust like this is for the tax benefits.There are three primary tax benefits that a...

You marry them, you love them, they are the source of your inspiration and happiness, yet spouses can also be a serious threat to your children's inheritance. Whether it's your husband or wife, or your child's husband or wife, this person could, in certain contexts,...

Do you have a considerable amount of money saved up as an inheritance for your family members? If you become incapacitated or require long-term care in a nursing home, you run the risk of spending all of your financial legacy on medical bills before you can qualify...

Many people underestimate the true value of their estate. When they learn that the estate tax threshold in 2018 stands at $11.8 million per estate, they may believe that they stand no chance of owing estate taxes at the end of their lifetime.However, it is important...

If you are considering setting up a trust for your grandchild, you have likely considered several different options. You naturally want a solution that is financially efficient for you and still helps your grandchild to benefit financially.However, if you grandchild...

When a person executes a will as the sole indication of their last wishes, their entire estate will go through the probate process at the end of their life. As many people know, there are certain disadvantages associated with the process of probating a will. It can...

A large part of planning an estate is about deciding what kind of legacy you would like to leave after your lifetime. While it is likely that you will want to leave a large portion of your assets to your loved ones, you may also want to consider helping a charity that...

When you have children or grandchildren, you will know that it can be challenging to encourage them to make wise life choices. Delaying gratification can be rewarding and pay off handsomely in the future, but younger people can find it difficult to delay gratification...