Protecting Your Teen's Trust

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2021

Sudden Inheritance? 3 Ways To Develop Guiding Principles For Using It

Have you inherited a large amount of money from a loved one? While the sudden influx of money is a good thing, it’s also intrinsically linked to the loss of your friend or family member. This can make managing an inheritance particularly challenging. Some people whittle away their inheritances too soon while others never figure out how to spend it in fulfilling ways. One easy way to avoid these pitfalls is to create a guiding method for saving and spending.…

4 Vital Financial Principles To Follow

Are you having trouble managing your money? Does it seem like you never get ahead? If you experience these problems, you are not alone. Many adults have issues with these things, and in many cases, it is because they never learned the right financial principles. If you want to get out of debt and start prospering financially, you might want to follow these four financial principles. 1. Learn to Live Within Your Means…

Now that your teen is getting ready to turn 18 and take ownership of their trust, it’s important to make sure that they are prepared to use the money responsibly as they find their in the world as a new adult. One of the best ways to get your teen prepared for managing a large chunk of money is to hire a financial planner to work with. A financial planner can walk your teen through all of their investment and saving options and help them to make a plan with the bulk of their trust so the money is used wisely from the get-go. This blog is dedicated to providing parents like you with insight into financial planning for young adults and is filled with tips and tricks you can use to help protect your teen’s new fortune.