Why Create a Trust Fund?

A trust fund is a legal entity that holds property, in the form of cash, stocks, bonds, or other types of financial instruments, or anything else of value, such as real property, for the benefit of another person, group or organization. While there are different types of trust funds, set up for different reasons, all of them have three things in common: a grantor, a beneficiary, and a trustee. The Grantor The grantor is the person who creates the trust … Continued

What is a Living Will, and Why Do You Need One?

People are often reluctant to think about, much less plan for, the end of their lives. It’s simply an unpleasant task to make arrangements for the time when we have to, as Shakespeare eloquently wrote, “shuffle off this mortal coil.” And yet, is some regard, it’s irresponsible to leave certain difficult decisions to loved ones or close friends. For example, when a person dies intestate, that is, without a will, his or her survivors may have no idea how to … Continued