A pet trust legally ensures that pets receive care if owners pass away or become incapacitated, providing structured instructions and funding for long-term pet welfare.
In the estate-planning world, an irrevocable trust is the ultimate ‘no backsies’ kind of trust. Once you set one of these up to give control of assets to heirs or to charity, it’s supposed to be permanent and unalterable.
The key to managing your inherited IRA well is understanding your options at each step of the process, from inheriting, to transfers or rollovers and management, to taking distributions.
As one of the wealthiest individuals on the planet, Warren Buffett’s public disclosure of some of his estate planning earlier this summer no doubt garnered plenty of interest.
