Category: Irrevocable Trust

money and documents

When Should You Start Building a Family Trust?

A family trust is a valuable tool to ensure that your beneficiaries receive their inheritance soon after your passing and under the specific stipulations that you set. However, there is a common misconception that trusts are limited to the ultra-wealthy, or even just the moderately wealthy, and this is simply not true. The truth is that many people are perfectly qualified and would benefit from...

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trusts

Your Quick Guide to Trusts and the Benefits of Having One

Many people assume having a last will and testament is the centerpiece of any satisfactory estate plan. While they certainly have their benefits, having a will is far from the only piece of planning to consider. Trusts, in fact, offer a simple way to transfer assets to your loved ones while avoiding probate. There are several reasons to establish a trust. In Texas, there are just as many typ...

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Trusts from A to Z

Many folks assume that trust funds are only for the rich, however, people in all types of economic circumstances may see a benefit from them. A trust fund is a special legal arrangement that lets a benefactor arrange for certain assets to go to someone else. ...</p

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An IRA Trust Might Be Preferred Over Naming Individuals or a Revocable Living Trusts as the IRAs Beneficiaries

If you maxed out your work 401(k) by taking advantage of matching funds and rolled this to an IRA when you retired, you might not need all of that money—especially if you are a spouse with a pension and Social Security. One thought is to designate children or grandchildren as primary beneficiaries of the IRA. However, you don’t want them to be able to withdraw more than the required distribu...

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