Many attorneys are doing a phenomenal job of scaring people into creating trusts. Truthfully, unless some unusual requests are to be made as part of your estate plan, very few people actually need trusts. If that is the case, then WHY do so many people have trust accounts as part of their estate plan?
Wall Street Steward Blog
“On the first day of Christmas, my true love sent to meeeee….”
Your true love may be sending you a partridge in a pear tree this holiday season…
Meeting was scheduled for 3:45 pm today at the client’s house. As I drove deep into the country woods, the paved road ended as I turned onto a sheet of gravel. My car jumped back and forth with each tire revolution. As I pulled up to the house, I was greeted by 4 dogs who were none too happy that an overdressed yuppie was encroaching.
I am not yet retired, and the way the financial markets have acted over the past decade, I may never reach that point.
Only about 8% of Americans will receive inheritances of ANY kind. A smaller number, around 2%, will inherit more than $100,000. This is a small group of people, and a blogger better have a good reason to write an entire entry for such a small group.
Me: “Who would you like to name as your beneficiary?”
Mr. X: “Ummmm….hmmm….do I have to name someone?”