Before discussing the benefits of charitable trusts, let's define the term: Charitable trust: a trust set up for the benefit of the public usually setting out a definite charitable purpose for an undetermined number of beneficiaries. These trusts can be either inter-vivos (set up during a person’s … [Read more...]
8 Ways to Avoid Financial Exploitation of the Elderly
Unfortunately, financial exploitation of the elderly is a frequent occurrence. Exploitation occurs when a person misuses or takes the assets of a vulnerable adult. This includes (but is not limited to) taking money or property, telemarketing scams; getting a senior to sign a deed, will or power of … [Read more...]
What You Might Not Know About Irrevocable Trusts
The Irrevocable Trust comes in many “flavors”, and is usually created during one’s lifetime (thus it is an inter-vivos trust.) It is used extensively in long term care planning since it has multiple benefits that the Revocable Living Trust does not. Even though it is termed as “Irrevocable” that … [Read more...]
