Naming a Minor as Beneficiary?
July 11, 2023
You should not name a legal minor as a beneficiary. This applies to almost all legal documents, most notably wills and life insurance policies.
Downs Law Firm, P.C.
Spendthrift Trust
Mistakes with Beneficiary Designations?
August 11, 2022
Here are five critical mistakes to avoid when dealing with your beneficiary designations.
Do I Need a Spendthrift Trust?
August 1, 2022
A spendthrift trust allows you to leave funds to a beneficiary without giving them full control over those funds.
What’s a Common Pot Trust?
September 29, 2021
A pot trust is a type of trust that lists children as beneficiaries, with the trustee using his or her discretion as to how trust assets should be spent. If you have minor children, you might consider setting up a pot trust to meet their financial needs, if something should happen to you. This type of trust allows you to create a single pool of assets to be used for the benefit of multiple children.
Trusts Work for Regular Folks
April 14, 2021
When you hear the word trust fund, you might think of wealthy kids a big chunk of cash on their 25th birthday. However, trust funds aren’t just for the rich. They are flexible tools to protect your loved ones.
Do Your Kids Spend Too Much Money Too Fast?
July 15, 2019
Should an inheritance be spent on sports cars and jewelry?
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