Archive for May 26th, 2007

Living Will

Saturday, May 26th, 2007

A living will is a legal document that you create to prepare your medical care and finances in the event that you become incapacitated and cannot make decisions for yourself. It is a way to plan ahead in the event of an emergency.Each state has different laws governing living wills; ...

An Endowment Will Last Forever

Saturday, May 26th, 2007

An endowment can be a great way to gift money or property to an institution. It stipulates that the gift be invested and the principal always remain intact. This means that the institution will have a continuous flow of funds from the interest.There are many types of endowments ...

Revocable Trust vs Irrevocable Trusts

Saturday, May 26th, 2007

A Revocable Trust or living trust is a legal arrangement used in estate planning that provides for the management and distribution of your property when you die. This will be stated on a Declaration of trust or Trust agreement. The trustor transfers property to the trustee, who holds the ...