It’s not always obvious which type of trust is the best for an individual, says an article titled “Which is Best for Me: A Revocable or Irrevocable Trust?” from Westchester & Fairfield County Business Journals. In a revocable living trust (RLT), the creator of the trust, known as the “grantor,” benefits from the trust and can be the … Continue reading Do You Need a Revocable or an Irrevocable Trust?
Category: Beneficiaries
Three Ways to Making Trusts Millennial Friendly
If your named beneficiaries are Millennials—born between 1981-1996—you may want to consider three essential points about your trusts, as explained in the article “Trusts For Your Millennial Beneficiaries” from The Street. They’re different from their parents and grandparents, and disregarding these differences is a missed opportunity. This generation’s distinguishing characteristics and traits include: Valuing relations with superiors with … Continue reading Three Ways to Making Trusts Millennial Friendly