The Difference Between Revocable and Irrevocable Trusts

The Difference Between Revocable and Irrevocable Trusts

Have you ever heard of the term legalese? It is the language unique to the legal profession that often appears in fine print. This makes it easy to ignore, hard to read and, for the uninitiated, impossible to understand. To complicate matters further, some legal terminology is unique to certain aspects of the law. ...
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A Standalone Retirement Trust Can Safeguard Your IRA Beneficiaries

A Standalone Retirement Trust Can Safeguard Your IRA Beneficiaries

A Standalone Retirement Trust solves a number of issues related to leaving behind tax-qualified retirement accounts as an inheritance to non-spousal beneficiaries. In other words, leaving unspent funds from an IRA or 401k directly to your loved ones has some downsides.  People with IRAs, 401ks, and similar accounts,...
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How the New SECURE Act Will Affect Trust-Based Estate Planning

How the New SECURE Act Will Affect Trust-Based Estate Planning

Trusts are a highly advantageous component of estate planning for millions of Americans. A new comprehensive retirement reform, however, has changed the rules in ways that may require immediate attention.  Last year, Congress passed the Setting Every Community Up for Retirement Enhancement Act, also known as the...
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Does a New Decade Mean You Should Review Old Estate Plans?

Does a New Decade Mean You Should Review Old Estate Plans?

An estate plan is something each of us needs in our lives to ensure that we are protected against any circumstance. Unfortunately, for the majority of Americans today, research continues to tell us that they have not begun to complete the estate plan that they need. When you have an estate plan, however, what you may...
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