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How to Set Up a Trust: A Step-by-Step Guide

January 27, 2023 by Brett Tams

Learn how to set up a trust and make smart money decisions with this step-by-step guide for Gen Zers. Understand the tax implications, cost, and responsibilities of being a trustee.Learn how to set up a trust and make smart money decisions with this step-by-step guide for Gen Zers. Understand the tax implications, cost, and responsibilities of being a trustee.

The post How to Set Up a Trust: A Step-by-Step Guide appeared first on Money Under 30.

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Buying a Car Following Bankruptcy Filing

January 27, 2023 by Brett Tams

One of the issues borrowers run into when trying to get approved for a vehicle immediately after filing their case is that their debts are not yet officially eliminated. While a filing does halt creditor collection attempts, the filing of a case doesn’t mean that all of your obligations have been wiped clean. You still […]

The post Buying a Car Following Bankruptcy Filing appeared first on Credit Absolute.

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Your Last Will and Testament

January 27, 2023 by Brett Tams

Creating an estate plan, writing down your last will and testaments, and identifying a healthcare proxy don’t seem like a fun way to spend a weekend. However, organizing your end of life paperwork and making sure you have a plan for your finances are some of the most important tasks you can complete as an […]

The post Your Last Will and Testament appeared first on Good Financial Cents®.

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The Basics of Asset Protection Planning – The Rules You Need To Know

January 27, 2023 by Brett Tams

While working with clients for almost two decades one of the most pressing concerns shared among all of them was protecting the nest egg they had accumulated. Any news headline or market correction would evoke fear about losing their portfolio. It didn’t take long to realize that utilizing asset protection strategies was a must for […]

The post The Basics of Asset Protection Planning – The Rules You Need To Know appeared first on Good Financial Cents®.

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The Basics of Estate Tax Planning

January 26, 2023 by Brett Tams

Estate planning matters if you’re hoping to preserve as much of your wealth and assets as possible for future generations. One of the biggest challenges is finding ways to minimize your tax liability, as taxes can shrink the value of … Continue reading →

The post The Basics of Estate Tax Planning appeared first on SmartAsset Blog.

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How Divorce Impacts Your Estate Plan

January 26, 2023 by Brett Tams

When you’re in the midst of a divorce, you’re probably not thinking about estate planning or your will. But if you’re divorcing, you should think about the impact a divorce can have on an estate plan. Because even if your … Continue reading →

The post How Divorce Impacts Your Estate Plan appeared first on SmartAsset Blog.

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Estate Planning 101

January 25, 2023 by Brett Tams

Who knows what happens after you die? Not me! Unless, of course, the topic is estate planning and what happens to your finances after you die.

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What Are Beneficiaries in a Trust?

January 25, 2023 by Brett Tams

Learn what it means to be a trust beneficiary and the benefits of having one. Find out what are beneficiaries of a trust and how they can help you manage your finances.Learn what it means to be a trust beneficiary and the benefits of having one. Find out what are beneficiaries of a trust and how they can help you manage your finances.

The post What Are Beneficiaries in a Trust? appeared first on Money Under 30.

Posted in: Investing, Money Basics Tagged: action, All, assets, before, beneficiaries, beneficiary, Benefits, bills, Children, College, death, Debts, decision, estate, Estate Planning, expenses, Family, fiduciary, finances, Financial Goals, Financial Wize, FinancialWize, fund, funds, goals, Grandchildren, grantor, great, How To, Income, Insurance, Investing, Law, Learn, Legal, Life, life insurance, living trusts, Make, making, Medical, medical bills, money, money decisions, More, needs, Other, ownership, party, payments, Personal, Pet, plan, Planning, property, protect, protection, returns, Review, revocable trust, safety, security, smart, Smart Money, tax, tax returns, taxes, title, trust, trustee, trusts, tuition, under, will

How the House I lived in Paid For My First Rental Property

January 25, 2023 by Brett Tams

I bought my first rental property in December of 2010. My wife was pregnant with twins, and it was not exactly the best time to buy rental properties, at least according to all my peers in the real estate business. I was an agent and flipped some houses but I knew I wanted to invest … Read more

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Life Insurance Beneficiary vs. Will

January 25, 2023 by Brett Tams

Estate planning is crucial to leaving your beneficiaries with your possessions as you intend. However, life insurance beneficiaries can conflict with the terms in your will if you aren’t thorough. Your life insurance beneficiary designation usually supersedes your will. So … Continue reading →

The post Life Insurance Beneficiary vs. Will appeared first on SmartAsset Blog.

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