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If you're the creator of the trust, called the settlor or grantor, changing the trustee is fairly simple. After all, one of the primary benefits of a revocable trust is that the settlor can amend, modify or revoke the trust at any time. It might not be necessary to hire a lawyer to change or add a trustee, especially since, as... more »
Donating stock instead of cash to your favorite charity can give you big tax savings this year. It might also allow you to increase your donation, making both you and the charity big winners. Read on to learn how to donate appreciated stock and get bigger tax savings. more »
A nonqualified annuity is a contract you make with an insurance company to provide a certain amount of income for a designated period. Unlike a qualified annuity, you do not need to set up this particular annuity with an employer. Instead, you can establish it on your own. During the time you contribute to the annuity, you'll receive... more »
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