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Posts tagged "trusts"

Should you fund a spendthrift trust for one of your heirs?

When parents and grandparents devise estate plans in order to leave their beneficiaries legacies, sometimes their estate planning attorneys may recommend establishing something called a spendthrift trust for one or more heirs. But what are these trusts, and for whom are they ideal?

What are testamentary and inter vivos trust funds?

Trust funds are a great way of compounding and building wealth in the long-term. There are two main types of trust funds, and it can sometimes be difficult to understand the differences between the two. These two types are testamentary trust funds, and living trusts. Living trusts are also commonly known as inter vivos funds, and that can lead to some confusion.

Can you pass on your values with a trust?

Obviously, a trust is a way to pass money and assets on to your heirs. However, that's just one of the things you're interested in giving your children. You're also hoping to pass on your values, molding your kids into the type of people you want them to be. Can a trust be used to do this as well?

Why to consider a life insurance trust

When you bought your life insurance policy, it was with your children in mind. You wanted to be sure that they would have their needs met, even if you and your income were gone. You didn't want a car accident or some other sudden tragedy to leave them with nothing.

Motivating heirs with an incentive trust

You want to leave money to your children, but the sheer amount of wealth is potentially problematic. You're going to leave them enough that they could each just live off of the trust. You're worried that such a windfall might kill their motivation. You want to help them, financially speaking, but you don't want to hold them back in other ways.

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