A pot trust is a type of trust that lists children as beneficiaries, with the trustee using his or her discretion as to how trust assets should be spent. If you have minor children, you might consider setting up a pot trust to meet their financial needs, if something should happen to you. This type of trust allows you to create a single pool of assets to be used for the benefit of multiple children.
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Your DIY estate plan might miss important details.
Minnesota State University, Mankato President Edward Inch announced today that Robert Larson of Leesburg, Florida, has donated $1.4 million to the University in honor of his late wife, Virginia Larson, a Minnesota State Mankato alumna, who taught elementary school for 12 years.
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Bob Ross definitely didn’t make a happy little accident when handling his estate and his likeness after he died in 1995. He made a big mistake.
The coronavirus pandemic changed nearly every aspect of our lives, including our plans for retirement.
Millions of veterans could be eligible for an additional year of education benefits starting next semester, thanks to another federal court ruling rejecting the Department of Veterans Affairs prohibition on collecting both Post-9/11 GI Bill benefits and Montgomery GI Bill payouts.
More service members leaving the military this year have extra time to apply for Veterans’ Group Life Insurance.
Whether referred to as companion animals, service animals or simply as pets, they play an important part in the lives of many. Owners can use estate planning tools to ensure their pets continue to receive proper care, if the owner becomes incapacitated or dies.