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Living trusts are popular, but their appropriateness will depend upon your individual needs and objectives.
Without even realizing it, most people are familiar with protection-first thinking. If you remember travelling on an airplane in a not too distant past, you would recall this important point in the safety demonstrations “In the event of sudden decompression, secure your own oxygen mask before helping others.”
Help your college-bound child explore scholarships, grants, and more with this article on paying for higher education.