Trust funds are meant to set aside and protect your assets for the future — whether that’s before or after you’re gone. We’re here to help break down what it takes to set up a trust fund, so you can feel more confident doing so. ...
In many cases, it is used to provide for children in the event of a parent’s death. As you can see, there are many different types of trusts that you can set up for your family to make estate planning easier for you. Most importantly, by setting up a trust, you get more control...
People entering second marriages may set up trust funds to protect property for the children of their first marriages. People who want to contribute to the causes of their choice can set up trusts to manage the money for the long-term. But trust funds are most commonly set up to cover the...
Purpose While you might begin with the idea of memorializing a family member or friend, or collecting money for your relative or friend's family, you should define your purpose more precisely. For instance, do you want the money in the trust to be used to educate the deceased's children, ...
The article focuses on how to safeguard children from sexual abuse. It mentions that nearly all sexual abuse cases against children are done by people well trusted by the victims such as baby-sitters, ...
Benefits of Trust Funds for Children While you can, if you wish, leave your assets to your children through your will, setting up a trust fund could have several practical advantages. Those include: Long-Term Financial Security With a trust fund you can arrange to have assets distributed to ...
Benefits of a trust By creating a trust, you can: Determine where your assets go and when your beneficiaries have access to them. Save your beneficiaries (your children, for example) from paying estate taxes and court fees. Protect your assets from creditors that your beneficiaries may have or...
You can set up your trust so that any number of people receive your assets, from children or your spouse to a foundation or charity that you support. 3. Determine the rules of your trust. One of the benefits of a trust is that you can set parameters for how you want the funds or ...
And how's the Heisman race shaping up? So many things to chew on and we are here to feed those thoughts. Today, Kevin Clark, host of This is Football, helps sift through the playoff implications at both levels and shares his recipe for understanding the difference between matchups of ...
Installing a kids’ web browser is another good option for child safety online. Here are a few ways to use parental controls to ensure internet safety for your children: Set up password-protected parental controls directly on your child’s device. Parental controls on an iPhone or iPad are ...