While joint accounts can be useful, there are also many underlying risks associated with sharing an account with someone else. Here are some risks associated with having a joint account, as well as other alternatives, such as a living trust.
Tag Archives: Trust
You’re Appointed a Trustee- Now What?
Monday, July 19, 2010
Being a trustee comes with a lot of responsibilities. These helpful tips, along with the assistance of a living trust attorney, can help you successfully manage a trust.
Wealth Gifts to Children: How a “Crummey Trust” May be Right for You
Friday, June 18, 2010
While still alive, many parents and grandparents wish to pass their wealth on to their children or grandchildren: these gifts are also a good way to decrease a taxable estate. In 2010, you can give a child or grandchild $13,000 a year without the subsequent incurring taxes, but you may not want the child directly [...]
