If you think you only need to create Discretionary Lifetime Trusts for young, troubled, or financially inexperienced beneficiaries, then think again. In this age of frivolous lawsuits and high divorce rates, discretionary lifetime trusts should be considered for all your beneficiaries, minors and adults alike. What Is a Discretionary Lifetime Trust? A Discretionary Lifetime Trust […]
Leaving your hard-earned assets outright to your children, grandchildren, or other beneficiaries after you die may seem like the easiest and most desired form of distribution. Unfortunately such a scheme will make their inheritance easy prey for creditors, predators, and divorcing spouses. Instead, consider using discretionary trusts for the benefit of each of your beneficiaries. […]
For most people, thinking about your mortality is unpleasant and therefore low on the list of priorities. While you may objectively recognize the need to plan for your future – and the future of your loved ones after you’re gone – it can be hard to summon the motivation to actually create a will or […]
You can’t take them with you, obviously. But under certain circumstances, you can transfer them to your heirs. Unfortunately, the rules vary widely from carrier to carrier. (Hotels have policies that are more similar to one another’s.) It’s important to know that all carriers consider miles to be property of the airline, not of the […]
