Over the last year, the term "blind trust" has become a common phrase used by many new outlets and talking heads. Often, it is discussed in the context of President Trump and his numerous business interests. So, what exactly is a blind trust, and how are they used?In...
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Trusts
What is a Charitable Remainder Annuity Trust?
Trusts are excellent financial tools and can be amazingly effective when they are used correctly. The variety of available trust options can be overwhelming, each with its own specific advantages and limitations. Charitable Remainder Trusts are an excellent way to...
Distributing money as age limits are hit
A trust can be a useful tool if you want to leave money to someone, but you don't want to do it all right away. Many times, this comes back to a perception of maturity. For example, you may choose to leave $600,000 to an heir, but your heir is currently just 15 years...
Basic types of trusts
When completing your estate planning process, you may think all you need is a will. While a trust doesn't replace a will, it can be a good estate planning instrument. Most trusts only deal with specific assets, such as a piece of property or life insurance. A will...
What is a living trust?
A living trust is also commonly referred to as a revocable trust. It can be an estate planning tool that can help your loved ones avoid the hassles and costs of probate after you pass on.Living trusts are not the same as a will. If assets are transferred into a trust,...
What’s the difference between revocable, irrevocable trusts?
Creating a comprehensive estate plan is one of the most helpful steps you can take when it comes to protect your assets and your wishes. With your estate plan, you can dictate how your property is distributed and where you money goes after you are gone, but you can...