There are many options for funding a trust. You could use a life insurance policy. You can use an annuity. You can use a IUL, which is an independent variable annuity. It depends on your choices and your health. But ultimately there can be a single source of funding, or it could be a multiple source funding meaning from multiple locations, or it could be just a monthly payment like paying your phone bill.
The main importance of a trust is for tax implications for the receiver. If a person is not a good money manager, if a
Trusts. They’re important for both Special Needs parents and standard normal children because it puts money in a protected form where creditors cannot attach
So what happens when your child gets a full scholarship and you’ve already set money aside in a 529 plan versus a life insurance
There are drastic differences between saving for retirement and saving for college. The biggest difference is the length of time you have to prepare
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