A trust fund is a legal entity established for the purpose of holding assets for the benefit of specific people, or even for an organization. Children are frequent beneficiaries of trust funds because trust funds can safeguard your assets and make sure they are used for your children’s stewardship. How can a trust fund accomplish this? KEY TAKEAWAYS Setting up a trust fund for your children is not necessarily just for wealthy families. Children are often beneficiaries of trust funds by parents or grandparents who want to pass along their assets. A will can be challenged by third-parties making it…
If you’ve received your year-end bonus for the year or you’re expecting it, it can be tempting to consider having a splurge in the name of Detty December or convince yourself you deserve an extravagant treat. But before you throw caution to the wind and deplete that windmill, take some time to consider how you truly want to use it. No matter the size of your hard-earned bonus, you should think about how it can best serve you and your goals in the short and long term. Here are 5 ways to use your year-end bonus to expand its benefits…
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