Oftentimes our mature clients inquire of us if a Revocable, or “Living Trust” is applicable to them and warranted. The biggest issue to note is that while a Revocable Trust will remove the assets from probate, it does not have any tax advantages as assets in a revocable living trust are included in one’s gross estate for federal estate tax purposes. A trust is created when one person (the grantor) transfers to another person or trustee a property interest to be held for the benefit of… Continue reading
With the market in such turmoil of late, it’s easy to forget the basic needs of overseeing your 401k account. They say the only thing we can be sure of in this life is change (not counting death and taxes) so you can also count on the fact that the market will change, and it’s your job as the “keeper” of you 401k to keep up on your account, and the general plan supplied by your employer. In times of confusion, it is human… -
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