Selecting your living trust trustee isn’t as simple as it seems. Just yesterday a client in Virginia asked me to who she should ask to be her trustee. This is a really important subject so I thought I’d share my response with you. First, what is a revocable living trust? You may already know that […]
Estate Protection
You can do everything right; stay out of debt, save and invest, and your family may still have nothing to show for it if you aren’t careful. This category explains estate planning in plain English so you’ll understand and be empowered to take action the right action. It also describes the simple and inexpensive things you can do to protect everything you’ve worked so hard for all your life.
Note: You should speak to a qualified attorney before taking action. This is not meant to substitute for appropriate legal advice.
5 Steps To Protect Your Assets You Can’t Afford To Neglect
You work hard to earn, save and invest in order to grow a retirement nest egg. That being the case, you’ll likely agree that it makes a lot of sense to do everything you can to protect your assets. Here are the top 5 ways to do just that. 1. Track Spending Look in the […]
Co Signing A Loan? 5 Protection Tips
Let’s say you were approached by your friend Stacy who needs help qualifying for a mortgage to buy a home. She asks if you’d be interested in co signing a loan for her. You generally trust Jane and think she’s pretty responsible. But you’re concerned about being on the hook for that money. Keep in […]
Why You Should NEVER Open an Account in Your Name Only
It’s hard enough to make the right decision on how to invest your money. But it’s actually just as important to know how to take title to your account. This is also known as “vesting.” And it’s especially important if you are an individual. Typically, individuals who open accounts do so in their own name, […]
Facebook Identity Theft – How to Protect Yourself
Identity theft is a big problem of course. What makes it worse of course is that the social media giants are often selling information about you and allowing unscrupulous vendors more access than the mega media titans understand. That being the case, the focus has got to be on you – what information you provide […]
Duties of a Living Trust Trustee in Plain English
If you are a living trust trustee, co-trustee or successor trustee of a living trust, you have certain duties and responsibilities. I find that many people don’t really understand these duties, and it can cause huge heartache. I don’t care if you created your own living trust online or paid an attorney to create the […]