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.…
Read More »Many people seek help from financial advisors for retirement planning, but this is not the only reason to visit one. Advisors help with many financial situations by providing advice and strategies to improve your financial situation. If you want to buy a house soon, it might be helpful for you to visit with an advisor as they can help you plan for this major event. Here are several things an advisor might recommend as you prepare to buy a house.…
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