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Posts Tagged ‘parents’

June 12th, 2010

What is a Testamentary Trust?

(Money Manager) - A testamentary trust is one of the most common varieties of trusts. These trusts are activated by a person's will at the time of their death. Testamentary trusts are commonly used to provide benefits for a minor child or disabled child even if they are older, in the case of the death of both parents. Testamentary trusts can also be set up under certain circumstances for one's spouse as a way of providing benefits to them.

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September 15th, 2008

Cars – Buy or Lease; New or Used?

(Money Manager) - My parents bought a car and drove it until death. Toyota almost regrets building something that lasts that long. For a lot of us though, new models are irresistible for a number of reasons. Whether we want a new toy or a more reliable car for the family, a lot of us are in the market every few years.

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September 5th, 2008

529 College Savings

(Money Manager) - A 529 Plan is a way to save for college that provides special tax advantages not available through regular savings. These plans are named after Section 529 of the Internal Revenue Code which governs them.

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