In the estate planning process, people commonly use trust accounts to give gifts. They can also create purpose trust accounts, which designate funds for a specific purpose. Some common trust accounts that are made in wills include: Trust accounts made…
Trust accounts are a common and useful estate planning tool. Trusts are accounts where a third party holds an asset for the specific use of a beneficiary. Typically, the beneficiary is only able to withdraw funds (or other property) from…
Parents are often concerned about how their children will use their inheritances. It is common to worry about assets falling outside of the family. This often happens as a result of a child's divorce after the death of their parents.…
