You may have heard of dynasty trusts, but assumed they were only for billionaires or people whose wealth dates back generations. In fact, a dynasty trust (sometimes called a bloodline trust) can be right for anyone who wants to help ensure that their assets remain in...
As a parent (or grandparent), you most definitely love and want the best for your child. But while most children grow to become financially-savvy adults, some do not. And this can be a concern when leaving an inheritance for them. If you are concerned about your child...
During your lifetime, you tried to ensure that your loved ones and future beneficiaries got what they needed to lead full, productive lives. After you pass away, you want to continue to provide for them with a trust fund. The problem is that one or more of your heirs...
When people think of trusts for estate plans, they often picture those with multi-million-dollar estates. However, trusts are useful tools for those who have far more average household incomes. Middle-class Americans may feel surprised to learn that trusts can be...
A trust is a legal and fiduciary arrangement that lets a third party hold assets for the good of one or more beneficiaries. As a separate legal entity, assets put into the trust belong to it, not to the trustee. The management of the trust's assets should be handled...
For couples in their 20s and 30s, estate planning is often the last thing on their mind. Even if they have children, they often assume that they won’t have to worry about putting together a will, advance directives, powers of attorney and so forth until they’re at an...
Texas estate plans often include trusts with an individual named specifically for administering the contents. Managing a trust requires significant time and commitment, and a trustee has a broad range of fiduciary responsibilities. If a loved one appointed you as...
When it comes to estate planning, a will is only the beginning. Many people should also consider implementing a trust, which can safeguard your assets and ensure your final wishes are carried out after you are gone. As explained by CNN Money, there are many trusts to...
Going through trust litigation after someone they love has passed away is not something that people will look forward to. This process can cause relatives to go at each other’s throats, and this can be highly stressful. No one wants to have to deal with arguments and...
Trust litigation can be a challenging process when it involves family members attempting to gain a trust without consent of others in the family. This can be a scenario that’s devastating to you if you have a sibling who’s done this without letting you know as means...