Estate planning is something you should get into if you haven't yet done so. You'll want to ensure that your home and your other assets get distributed in a way that makes life much easier for your loved ones after you're gone.
Today we're going to talk about the revocable living trust and why it might be the best path for you to take in your estate planning journey.
Read MoreEverybody wants to be a millionaire who can work half the weekend and lounge on the beach for the rest of the time. Most of us are not actually millionaires. We spend most of our time wondering how millionaires made all of their money. The good news is becoming a millionaire is not completely out of reach. You have to work hard and stay the course if you really want to have more money than you can imagine. Continue reading this article to find out all the ways that millionaires earn and maintain their riches.
Read MoreWills and trusts provide the foundation of estate planning. While we have another article that provides an introduction to choosing between the will and trust or using them both, many individuals find they have specific questions they would like answered without needing to phone or email their attorney.
This Will and Trust FAQ (Frequently Asked Questions) article should provide a quick answer to the major questions that crop up. So, let’s begin.
Read MoreThinking about a time when you may not be able to make decisions about or handle your own affairs can be scary. However, it is something we all should think about, even though it might not be pleasant.
A power of attorney is great to protect yourself and your assets just in case the unexpected happens. There are some differences with each of the power of attorney documents. It may not seem like a big deal, but choosing the right one is important. Continue reading this article to find out which one is right for you.
Read MoreMillennial readers may not give much thought to trusts or trust funds unless you receive one at 18, 21, or 25, the most common ages for receiving money from a trust set up by your parents or grandparents. You need to think about it though whether you would receive money or leave it to someone.
In fact, among the many types of trust accounts that exist, you can even set one up to provide for a family member or organization, or another individual while you both live. Keep reading to learn more.
Read MoreYou may know that saving money is important. However, knowing it and doing it are two different things. It is a challenge to save money when you do not truly know how to go about saving. There are a number of ways you can go about saving money.
Among many of the places you can store your money, there are savings accounts, certificates of deposit (CD) accounts, and a money market account.
Read MoreNo matter how you look at it, it is unlikely you can survive today without some type of bank account. While you may know that you need to have a bank account, you may not truly understand how they work, especially when it comes to routing numbers. You may not even realize there is such a thing, but it is incredibly important information. Continue reading to find out more details about the routing number overview.
Read MoreRegardless of your personal definition of wealth, you will probably agree that millionaires know a thing or two about money management and wealth building. If you are trying to figure out how to be better with money and increase your money handling skills, then it just makes sense to seek advice from millionaires, who are personal experts on the topic of money.
Read MoreMany people believe that your attitude determines your altitude, but is this true when it comes to wealth? Is there some secret or overt connection between positive thinking and money? The answer is "perhaps." Positive thinking does fuel actions that can encourage practicality and wealth building.
Read MoreMany Americans would consider themselves wealthy if they could simply set all their bills to autopay and never worry about the money being in the account when the bills are deducted. Others think of wealth in terms of cars, houses and other material possessions. You may consider anyone who earns $500,000 or $1 million wealthy. It’s all a matter of personal perspective, but most would agree that millionaires are wealthy whether they’re worth just one million or multi-millions.
When setting your financial goals and making decisions that will impact your net worth, it helps to get some inspiration from others who have already claimed their share of the wealth in America. That includes tapping into the bedtime secrets of America’s wealthiest citizens.
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