Serving as both trustee and beneficiary is legal in many cases. However, it requires careful structuring to avoid conflicts, preserve fairness and ensure that the trust’s intent is honored.
More retirees are claiming Social Security benefits before full retirement age. This may offer short-term income, but it raises long-term financial concerns.
A key goal for many people is to leave enough for loved ones to handle future expenses. If prices rise sharply, the same amount of money will buy less of what your heirs need.
A generational divide is emerging in estate planning, with younger adults embracing lifetime giving while older generations prioritize preserving wealth for heirs.
