If you decide to seek help from a financial advisor, they will likely ask you to fill out a financial health questionnaire. This questionnaire asks a lot of questions about your financial state, and it is an important tool that advisors use to help their clients. Here is some information about what this questionnaire is, its purpose, and how an advisor uses it to help you. The Basics of a Financial Health Questionnaire…
Read More »A living trust, also known as a revocable trust, is a written agreement where a trustee is appointed to manage any property put in trust for the guarantor. To avoid a financial disaster in the future, you should have a living trust. However, 6 in 10 adults do not have a living trust despite its importance. This means that their property is lost. When you have a living trust, all the assets will be transferred upon your death to the guarantor you have chosen.…
Read More »Birth and death are two inevitable life phases for anyone on earth. While many people allocate more time and resources to planning vacations and making investments, many forget to plan for their loved ones’ lives after they are gone. Estate planning might not sound as exciting as planning a trip abroad, but it goes a long way in ensuring stability and financial security for your family. If you haven’t decided who gets to inherit your assets or makes decisions when you are incapacitated, here are some reasons to start now.…
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