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What Is a Revocable Living Trust and How Does It Work?
A revocable living trust is set up during a person’s lifetime to name their wishes for the distribution of their assets after their death. They can change the terms of the trust at any time.
How to Dissolve a Charitable Remainder Trust
Investors seeking to provide income for either their lifetime or a beneficiary, plus leave a legacy for a charitable organization, may consider establishing a trust as one means of doing so. There are various types of trusts, one of which is a charitable remainder trust, or CRT.
Can a Minor Be a Contingent Beneficiary?
If you have investment accounts, retirement savings, or a life insurance policy, you have the option of naming beneficiaries. Many parents name their minor children as contingent beneficiaries to ensure financial support. This has the potential to complicate the transfer of assets. Learn if minors should be listed as contingent beneficiaries and what alternative actions are available.
Should I Buy a Rental Property?
The internet abounds with articles and stories about real estate investments and their many advantages. Some articles even go so far as to place real estate investments in the same category as “get-rich-quick” schemes, though fortunately, Google seems to be clamping down on this type of content.
How Can I Give My Beneficiaries Tax-Deferred Real Estate Investments?
For some investors, one of the goals of building wealth and accruing a real estate portfolio is the intent to distribute it as a legacy to the following generation. With that in mind, you may want to consider how to effectively plan your bequests to manage the impact of taxes for your beneficiaries. Let’s take a look at some potential means of doing so. One term that you will hear when discussing estate planning is the step-up in an asset basis.
Who Can Override a Power of Attorney?
Anyone involved with estate planning will, at some point, run into questions concerning the Power of Attorney. This is important; it ensures that decisions and tasks end up in the hands of a trusted advisor, rather than the courts.
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