Many people believe that trusts are only for very wealthy people, in part because of the term “Trust Fund Baby.” But actually, a trust can be a useful estate-planning tool for lots of people. To know if a trust should be part of your plan and if so, what type, you will want to discuss this with your … [Read more...] about Things To Know About Trusts
Can A Living Trust Protect Your Assets From Medicaid?
In the process of estate planning, you may want to ensure that your spouse, children, or other beneficiaries receive what you intend them to have. Unfortunately, if your medical needs require you to enter a long-term medical facility, anything over $2,000 will be subject to use in paying for your … [Read more...] about Can A Living Trust Protect Your Assets From Medicaid?
What Happens If The Beneficiary Of An Educational Trust Doesn’t Go To College?
Providing for your children, grandchildren or other young relative’s education is another way to provide for your family after you’re gone, as well as create another trust for your estate plan. These trusts aren’t traditional trust funds, but a 529 college savings plan to be used for educational … [Read more...] about What Happens If The Beneficiary Of An Educational Trust Doesn’t Go To College?
