Courtesy ofBelvedere Wealth Partners
Payment of trustees usually takes one of two forms: either a flat fee based on a percentage of the trust's assets, or an hourly rate.
The Senate and House have cleared the passage of a year-end $1.7 trillion appropriations bill that will affect people with disabilities on several fronts.
A True Link card could save your family member from exploitation and predatory banking practices.
A sole benefit trust is a helpful estate planning tool if your family has cross-generational support needs. If a senior with more than $2,000 in assets wants to apply for Medicaid - but also wants to provide for a disabled relative - a sole benefit trust may be a good choice.
This information is not intended to be a substitute for specific individualized tax or legal advice. We suggest that you discuss your specific situation with a qualified tax or legal advisor.