January 18, 2010
Lawyers use a lot words when talking about trusts, often assuming that everyone knows their meaning. But in speaking to clients and friends, I realized that many people outside the legal community don’t understand what we are talking about. Below are some of the most common terms defined: Trust: A trust is a legal arrangement [...]
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November 16, 2009
In The Wall Street Journal’s Financial Guidebook for New Parents, the book’s author, Stacey L Bradford, explains why parents should consider setting up a trust for the benefit of their minor children. She explains that setting up a trust is a good idea because: Guardianship proceedings are cumbersome and expensive. Direct bequests to your children [...]
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