This week’s blog is written by guest author, Lyle Solomon, principal attorney with Oak View Law Group. Trusts can be broadly classified into four distinct types. They are divided based on when they become effective and who the owner of the assets is. The four types of trusts are living, testamentary, revocable and irrevocable.…
This week’s blog is written by guest author, Lyle Solomon, principal attorney with Oak View Law Group. Although drafting a trust can be quite complex, the basic concept of a trust is relatively easy to understand. In simple words, it means that a person is holding property for another person’s benefit. What is trust?…
All couples argue, but what are couples fighting about the most? According to a survey from the American Institute of CPAs, money is the most common reason married or cohabiting couples fight. Of more than 1,000 American adults polled, 27 percent of participants said that disagreements over finances were most likely to erupt into an…
When is it too young to talk about money? Maaaaaybe before age 3. But from age 3-5 kids already understand the idea of exchanging things of value. In fact, a survey out of University of Cambridge concluded that, by age 7, many money habits are set, which means it’s essential to start early. Here are…
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