When Are Staged Withdrawal Rights a Bad Idea?

Mary wanted her children to benefit from the comfortable net worth she had built. Fortunately for them, she consulted with an estate planning attorney. She considered setting up trust funds for her children but was unsure how to handle the payouts:  outright or through staged withdrawal rights? First, What Does ‘Staged Withdrawal Rights’ Mean? Trust assets are disbursed to beneficiaries at some point. When a trust Read More

Plan for an Orderly Distribution to Loved Ones

As you survey the property you’ve accumulated through a lifetime of hard work, you may wonder what’s going to happen to it after you’re gone. Maybe there are family heirlooms or other prized possessions or items of sentimental value, and it really matters to you who inherits them. How can you make sure there’s an orderly distribution of your property to your loved ones? Take stock. Make an inventory of your assets, Read More