You may not be aware of all the benefits and uses of a trust. Like many other people, you may believe that a trust is something only put together by the most wealthy or famous. But a trust can be used for many different things and more importantly, trusts are for everyone, regardless of wealth. A trust can manage a trustor’s assets while they are alive, reduce estate tax liability or it can be a simpler way to bestow an estate to beneficiaries.
After years of saving you feel like you are in a good place. Your child is now halfway through high school, and you know it's time to think about planning that next chapter of your family's financial life. You keep hearing you should consider estate planning, which is recommended to anyone who is at least 18 years old, but the process itself can feel overwhelming.
Receiving a diagnosis of Alzheimer’s disease isn’t easy. Your mind might be swarming with new concerns and questions. It’s common to feel like you are losing control over your own life.