When you bequeath loved ones part of your estate through a will, they will be the legally recognized owners of the said assets and property. Therefore, they can sell them off if they wish. Creditors can also repossess them for a debt owed. To protect your estate from...
A spendthrift trust is a tool that allows you to provide a secure financial future for your child who has difficulty managing money. Your child will receive incremental payments on a schedule that you devise when you set up the trust. This ensures that your child will...
Most adults have a deep-seated need to care for their loved ones. One way that you can do this after you pass away is to establish an estate plan. This is a set of legal documents that relay your wishes about what type of care you desire if you’re incapacitated and...
It’s not uncommon for the beneficiary of a trust to be unhappy with the person appointed to be the trustee by their deceased loved one. Whether it’s an older sibling, a stepparent, a friend or a colleague of your loved one that you’d never previously met, the...