Understanding Trusts in Estate Planning
Trusts play an important role in estate planning, but they can be confusing to understand. Here are some basics to help you assess the role of trusts in...
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Author description
Shannon McNulty
Shannon McNulty is the founder of The Savvy Parents Group and founder of The Village Law Firm, which provides legal planning for parents with young children. Shannon received her J.D. from Georgetown University Law Center and her LL.M. in Taxation from NYU School of Law. She has also earned her CERTIFIED FINANCIAL PLANNER(TM) designation. You can learn more about Shannon and her firm at www.thevillagelawfirm.com.
How to Choose a Financial Advisor
Finding an advisor you can trust and feel comfortable with can be daunting – even downright scary. Reading news articles about the financial industry would...
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What is the best way to leave an IRA or 401(k) account to a minor?
The best way to leave an IRA or a 401(k) account to a minor is to either designate a custodian to administer the account for the minor or leave it to a...
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The Great Thanksgiving Listen: Passing Down Wealth in the Form of Stories
At Savvy Parents, we strive to help families build wealth and develop financial security. We often think about wealth in strictly financial terms. But...
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Candidates’ Proposals on Child Care, Paid Leave, and Taxes
A look at how Hillary Clinton's and Donald Trump's proposals on child care, paid leave, and taxes will affect your family.
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Own a Business? You Need a Plan.
Mompreneurs, dadpreneurs, parentpreneurs – whatever you want to call them – are on the rise. Parents who find balancing the corporate grind and a...
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Estate Planning Tips for IRAs & 401(k)s
If you have a family, chances are that the vast majority of your assets are held in one of two ways: your home, and your tax-deferred retirement account,...
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Loans to Family & Friends: The Surprising Tax Implications
When your sister-in-law asks for a loan for a great business opportunity, you generally want to exercise caution. Even aside from the perils that come with...
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Why Suze Orman Is Wrong About Revocable Trusts
If you follow Suze Orman – or know someone who does – you might think that you’re completely irresponsible if you don’t haven’t created a revocable living...
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Five Mistakes to Avoid When Naming Beneficiaries
When we think about estate planning, wills, healthcare documents, powers of attorney, and maybe trusts, come to mind. Those legal documents are important,...
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