Life insurance provides security for your loved ones, but choosing a beneficiary is sometimes more complex than you may imagine. State laws and policy rules can influence or even restrict your choice. Before you sign, learn more about the process of choosing who...
Trusts
Will my child’s inheritance stay in the family?
You love your child, and you want their inheritance to provide them with a comfortable life. However, if you do not entirely trust your child’s spouse — whether because their marriage has gone through recent challenges or because of financial issues — you may want to...
What are the different ways you can title your assets?
Asset titling is a crucial part of your estate plan. Appropriate titles can help you ensure that your assets and investments get distributed in the way you intend, whereas careless titling or mistakes can have unintended consequences. Per J.P. Morgan, asset tilting...
Would setting up a revocable trust ease some of your concerns?
Perhaps you are nearing retirement age. You are beginning to think about the future, and estate planning comes to mind. You worry about your family and how they would manage if something should happen to you. A friend of yours set up a revocable trust. Would that work...
3 benefits of a revocable trust
Estate planning allows for a lot of customization in planning how to divide your assets to your beneficiaries. Depending on your particular circumstances, you can choose from two options: a will or a revocable trust. In a revocable trust, you sign an agreement...
3 ways a trust could protect your adult child’s inheritance
When you create your estate plan, you want to provide for your family no matter what occurs in the future. For some people, the best way to protect the inheritance of their adult children is a trust. How could a trust protect your child's inheritance from future...
How much should I put in a special needs trust?
If you have a special needs child, it is natural to worry about what the future of your child will be like. Establishing a special needs trust may help provide a good life for your child when you are no longer around to provide love and support. The question you might...
Revocable vs. Irrevocable Trusts: What’s the Difference?
There are lots of different tools at your disposal for protecting your assets, including revocable and irrevocable trusts. Both of these types of trusts are used to pass assets to beneficiaries outside of probate. However, they do so differently. In today’s blog post...
How can a trust keep assets safe from poor spending habits?
You love your children, but that doesn’t prevent you from seeing their flaws. And if you have a child who makes poor financial decisions, you worry about how he or she will survive when you’re not there to lend a helping hand. Can you protect your child from spending...
Maintaining ownership of your assets with a revocable trust
As you get older, you spend more time preparing your finances for retirement, for any care you may need in the future and to pass on to your family. As part of estate planning, many Americans choose to establish a revocable trust for some of their assets because they...
