Trust Fund

Typical trust funds dissolve once the heirs of the estate reach a certain age that is predetermined by the original trustees, or creators, of the trust fund. Usually, parents who are setting up a trust fund for their children have it dissolve when the youngest child reaches 25 years of age. By that time, the heirs have gained some... more »

In the first blush of love, no one thinks about legal agreements, but prenuptial agreements are actually as old as marriage itself. Once a contract between families in arranged marriage, enforced by tribal custom, marital agreements have always established ground rules designed to protect the interests of both parties (or families)... more »

Before you pass away, you may want to ensure that all of your property and assets are distributed among your loved ones and children. The tool you would use is a will, which is an instrument that tells the executor who is in charge how to distribute the estate.

If you are going to create your will, it is very important to have an... more »

As grandparents consider the rising cost of living as well as increases in college tuition, they begin to see a need to save money and set it aside for their grandchildren's futures. There are several ways a grandparent can begin saving money that will grow as a child grows. When the child is an adult, the money will be there to give... more »

Every time that you get your paycheck, you notice several items removed. Usually there's state and federal tax, a local tax if you have one, Old-Age Survivors and Disability Insurance (OASDI) and Medicare tax. OASDI and Medicare tax are both part of FICA, the Federal Insurance Contributions Act, also called Social Security tax. The... more »