A trust (a collection of assets) is a legal agreement through which funds or assets are held by a third party (the trustee) on behalf of a beneficiary. It is often considered an alternative to a will. The one major benefit from a trust is that the assets can be passed to beneficiaries without using…
It is important for the financial wellness of an individual, family or business, for that matter, that the Estate or Business plan be revisited at least annually. A lot goes on over the course of a year. It may seem to go by slowly, but the dynamics are always changing the landscape of finances. Whether…
Iconic Queen of Soul, Aretha Franklin, passed away in her home on August 16, 2018 at the age of 76. A recent court filing in Michigan by her four sons revealed that Aretha Franklin didn’t have a will. She isn’t the first celebrity who didn’t put a will or testament documents in place before they…