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Tagged: Living

What Are Living Trust Scams

Legal

What Are Living Trust Scams

What Are Living Trust Scams A. Living Trusts As you know, a living trust is a legal arrangement where a person, called the “grantor,” places his assets into a trust during his lifetime. The trust is administered by a “trustee” for the benefit of the trust’s beneficiaries. The grantor may be a trustee and a beneficiary of the trust. Living trusts are a widely recognized and legitimate estate planning device. Because assets transferred to the trust are no longer owned by the grantor, at the grantor’s death, the assets are not part of the grantor’s estate and do not have...

Legal Help For Those Living Together

Legal

Legal Help For Those Living Together

Legal Help For Those Living Together There’s good news for the increasing number of American couples who are living together as a prelude to-or substitute for-marriage. There are nearly 6 million such couples in the U.S., according to census data, and recently strides have been taken to recognize these relationships. The reasons for cohabitating are as varied as the people themselves. For example, many are testing the waters before making a marriage commitment. Others feel that marrying isn’t appropriate for their relationship or are unable to, or they are widowers who will lose survivor benefits if they remarry. However, while...

Living On The Edge: Nearly Half Of U.S. Adults Lack Adequate Savings

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Living On The Edge: Nearly Half Of U.S. Adults Lack Adequate Savings

Living On The Edge: Nearly Half Of U.S. Adults Lack Adequate Savings A penny saved is a penny earned…but according to that adage, many U.S. adults are not earning all that much. That’s because almost one-half of all U.S. adults (45 percent) say their household does not have enough money in liquid savings to cover at least three months of living expenses. Moreover, nearly one in ten adults (9 percent) say their household currently keeps no liquid savings, defined as any savings readily available as cash and not intended for long-term investment. Among those earning less than ,000, the numbers...