Mortgage, Credit Card, Savings and Retirement Expert
Chris Thompson is a retirement, savings, mortgage and credit card expert at SmartAsset. He has reviewed hundreds of credit cards and loves helping people find the one that best matches their financial needs. Chris is a Certified Educator in Personal Finance® (CEPF®) and a member of the Society for Advancing Business Editing and Writing. He graduated from Montclair State University where he received the Journalism Achievement Award. Chris’ articles have been featured in places like Yahoo Finance, MSN and Bleacher Report. He lives in New Jersey and is a Mets, Jets and Nets fan.
Posts by Chris Thompson:
As you approach the estate planning process, you have many tools at your disposal. One such tool is a living trust. By creating a living trust, you can protect your assets and property and save your family from having to go through probate following your death. The considerations surrounding the creation of a living trust depend in part on your state’s laws. In this article, we’ll explore how to create a living trust in Connecticut. Like any legal document, living trusts can be complex, so it might be helpful to work with an estate planning lawyer. A financial advisor can work with your lawyer to ensure a living trust fits in with your overall financial plans. Read more
If you’re working on your estate plans, you may come across living trusts as a way to protect your assets so you can safely leave them for family and friends. The primary benefit of using a living trust instead of a will is that they can allow you to bypass the probate process. As probate rules differ considerably from state to state, though, the importance of avoiding probate will depend on where you live. This guide will walk Utah residents through the decision-making process; show the basics of creating a trust; and discuss related factors like taxes and other costs. Should you decide to move forward with a living trust, it would be wise to get an estate planning lawyer. It’s also a good idea to work with a financial advisor who can put together a financial plan and work with your attorney to incorporate your estate plan. Read more
A living trust is an estate planning tool that can simplify the passing on of your assets to your family. Each state tends to have its own rules as to how you can set up your own living trust as a resident. So if you live in Virginia, our detailed guide will go over whether or not a living trust is right for your situation, how you can create one and the costs and taxes associated with doing so. While it’s possible to set up a living trust and plan your estate yourself, it’s a good idea to work with an estate planning attorney and a financial advisor to get your finances and affairs in order. Read more
As you aspire toward a secure retirement and other financial milestones, investments become an increasingly important financial topic to know about. But those looking to gain knowledge about… Read more