You have done well in life and have a lot of assets. In your estate plan, you created trusts for your kids, but you are not sure how to talk about it with them. Do not worry, you are not alone. Many wealthy families avoid discussing trusts with their kids because they...
Fidelity government money market SPAXX is widely used by investors with $400 billion in the fund. I have often wondered how many of these investors realize they are paying .42% per year in invisible fees? High Fees High Taxes The problem with SPAXX is not just limited...
Investors looking for alternatives to Fidelity Government Cash Reserves fund, FDRXX should consider i-shares SGOV etf. SGOV may provide a better return, especially for taxable accounts. In this article we will compare FDRXX to SGOV to demonstrate why SGOV is the...
A spousal lifetime access trust (SLAT) is an effective tool for saving money on estate taxes. When a SLAT trust is created, one spouse is the trust grantor, and the other is the beneficiary. The grantor spouse gifts assets to the irrevocable SLAT trust and files a...
A pour-over will with a testamentary trust should never be used as your primary estate planning document. A pour-over will is an estate planning tool that directs your assets to be put into your trust after you die. You can use a pour-over will to fund a testamentary...
T-Bills and money markets are both popular choices for investors looking to earn interest from their cash. T-Bills are simple and straightforward. T-Bill interest is state tax exempt. Money markets are more complicated. Money markets come in two forms, money market...
