If you’ve ever set up a trust, served as a trustee, been a beneficiary of a trust, or helped anyone in connection with a trust, you may have wondered: how does the money come out of the trust?
A Matter of Trusts
“A Matter of Trusts” is an in-depth assessment of how to more effectively implement family business ownership succession planning through trusts. For an introduction to the subject of trusts in family business ownership, read, “How to Read a Trust.”
Teaching Kids Money Skills Pt 2.
BEING RESPONSIBLE WITH MONEY IS A LEARNED SKILL
The more you talk openly with your kids while reinforcing good money skills, the earlier your children will become confident and competent in their abilities to manage their financial capital. Below are a few areas which can be problematic for families, with suggestions that could help. We’ve targeted these for middle school-aged kids, but the ideas can be adjusted based on your kids’ ages.
Teaching Kids Money Skills Pt. 1
BEING RESPONSIBLE WITH MONEY IS A LEARNED SKILL
The more you talk openly with your kids while reinforcing good money skills, the earlier your children will become confident and competent in their abilities to manage their financial capital. Below are a few areas which can be problematic for families, with suggestions that could help. We’ve targeted these for middle school-aged kids, but the ideas can be adjusted based on your kids’ ages.
How to Read a Trust
IF YOU HAVE TO READ A TRUST…
Words to the wise: This article does not constitute legal advice. It is in no way a substitute for having a lawyer who works in the area of trusts and estates review your document and tell you what’s going on. What it will do is give you a basic grounding in a few key trust concepts. Just remember, a person who serves as his own lawyer has a fool for a client.