We recently set up a special needs trust for for a family member. It is an important part of planning for the future of a disabled individual and has large consequences if done incorrectly.
Special Needs Trust
Special needs trusts, or supplemental needs trusts, provide the means to care for a disabled child (or adult) after the parents or [...]

Posted December 5, 2007 in Insurance, Intermediate, Investing, Organization | 4 Comments »

We recently ordered the pictures taken at the hospital for our newborn. While ordering I was thrown a sales pitch on buying life insurance for my child. Last time I checked life insurance was to replace lost income. My children, while I love them dearly, are not really contributing to the bottom line of our [...]

Posted November 28, 2007 in Insurance, Intermediate | 2 Comments »

I received the following question from a reader:
I recently got married, and have been wondering how my spouse and I can determine the amount of life insurance we need in order to be financially secure, in the event that something would happen to one of us. -Summer
Great question Summer! Glad you are thinking ahead and [...]

Posted November 27, 2007 in Insurance, Intermediate | 2 Comments »