On November 6 my oldest nephew turned 18 years old. By law he is officially an adult, able to vote and to open an IRA. From the standpoint of basic rights, there is very little difference between him and me (except for a curfew). This includes the right to sign contracts, to manage our own […]
Category: Minor Dependents
Protecting Your Minor Children With a Revocable Trust
Estate planning has many key objectives, but in my opinion, the most important of them all is the protection of vulnerable beneficiaries – especially minor children. I have met with and personally know many of young parents who are homeowners who have some savings, retirement and a term life insurance policy, and yet have not […]