When you create a trust, you will choose a trustee to handle things once you are gone. The trustee must be a trustworthy person who is responsible and able to handle the duties of the position. SmartAsset explains a trustee can be a person, business or other entity....
Year: 2022
Is an advance directive necessary?
As someone who has dealt with aspects of estate planning, you understand that it contains many moving and complex parts. Though each piece may seem small and unimportant on its own, they come together to offer you a smooth path to where you want to go. An advance...
Some relevant information on long-term care insurance
Many individuals and families worry about paying for long-term care. Nearly everyone understands that paying for a nursing home stay or an assisted living facility can quickly add up to tens of thousands of dollars or more. A solid estate plan considers the available...
What do you know about special needs trusts?
Legal guardians and parents of a special needs child want to take care of their loved ones after they die. While a special needs trust helps them accomplish that goal, guardians and parents must understand how to make the most of the estate planning tool. With...
How to help your parents avoid falling for an elder scam
Though your parents may not want to admit it, older adults are prime targets for scammers. This is because con artists believe the aging to be more trusting than other people. In addition, people running scams think seniors have large retirement funds they can tap...