Tag Archives | living trust

How to Make Your Kid a Trust Fund Baby

While we all know the stereotypes, it’s not as if every trust fund baby is taking a few years off to study minimalist art, hang out in a commune, or complain about the square footage of his free apartment. In fact, there are millions of Americans with trust funds and millions of parents out there…
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Who Got Elvis’s Blue Suede Shoes? Why Last Wills are Public Records

Elvis. Big E. Elvis the Pelvis. The King.  Elvis was larger than life, and had a host of cool nicknames.  But on his Last Will and Testament, he was simply Elvis A. Presley. How do we know? It’s a public document and can be requested from the Shelby County Courthouse for the nominal fee of…
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children and life insurance

Why You Need Life Insurance…and How Much

Many people don’t think they need to get life insurance — it’s often seen as a luxury item that isn’t an absolute necessity.  On the contrary, it can be a smart way to protect your family’s continued health and happiness.  Simply put: if you have dependents and you don’t have life insurance or another way…
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Santa won't write your will

The Gift of Estate Planning: The Legal Side of the Holidays

Remember how Ebenezer Scrooge learned that money isn’t everything in Dicken’s classic The Christmas Carol? The same is true for estate planning. Creating your estate plan is selfless. Think of it as a way to protect and provide for your loved ones after you die; it’s not just about protecting your cold hard cash. With…
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Estate Tax Plan Clears the Heir

Estate planners joke that 2010 is the year to “throw grandma from a train.” Due to provisions in the Bush tax cuts that passed in 2001, on January 1, 2010, the estate tax disappeared for one year. By dying in 2010, Texas billionaire Dan Duncan saved his estate nearly $5bn in taxes that would have…
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