If you’re inheriting a trust fund, you likely have questions about how the distribution payouts to beneficiaries work and the tax implications. While general information about how trust funds work is useful, there are limitations. Trusts can be complex, highly customizable tools, so what applies to one situation may not
Updated for 2023. For most parents, it’s a trifecta: help your kids learn about investing, save for retirement, and get fast-tracked to becoming a millionaire. It’s possible, and surprisingly attainable. Here’s how it works: if a teenage or college-aged kid has earned income (i.e. a part-time job), they are eligible
Private school isn’t always part of the plan for many families. Parents often try to buy a nice house in a great school district under the assumption that their kids will attend the local public school. If something has changed and you’re now considering sending your child to a private
Estate planning discussions are seldom had between loved ones. And understandably so; asking your spouse or parents to discuss their mortality isn’t exactly a conversation many of us have over dinner. However, as the baby boomer generation ages, many adult children will find themselves scrambling. Imagine working back on decades