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abril 15, 2019

NapkinFinance-Diversification-Book-Napkin-02-20-19-v07

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A trust is a legal document that allows a person ( A trust is a legal document that allows a person (the trustee) to hold the assets of someone else (the grantor) and eventually give that property to a beneficiary at some point in the future. Many people view trusts as only for the uber wealthy who want to leave their riches to their kids. However, there are many reasons anyone might want to create a trust, including: ✅ Providing for family and friends in the future ✅ Paying education expenses for children or grandchildren ✅ Establishing a charitable fund ✅ Controlling how beneficiaries care for certain property and how it’s distributed ✅ Managing assets in case of disability or incapacitation ✅ Maintaining privacy after death ✅ Protecting assets from creditors ✅ Avoiding a lengthy probate process There are usually fees involved in setting up a trust. And, while you can go it alone with an online template, experts recommend meeting with an estate planner or attorney to make sure it’s exactly what you want. The process tends to look something like this: Choose what you’re putting in the trust (real estate, stocks, money, life insurance, etc.) ↓ Pick out the beneficiary or beneficiaries ↓ Set rules for asset distribution (e.g., after a child turns 18 or graduates college) ↓ Choose a trustee (family, friends, or even a professional) and talk through your plans ↓ Meet with an attorney to discuss your plan, review any tax issues, and draft the trust document ↓ Sign the trust document, preferably with witnesses, and get it notarized (if required or preferred) Click the link in our bio or today's stories to learn typical types of trusts and more.
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Yield is the earnings generated by an investment o Yield is the earnings generated by an investment over a specific period of time, expressed as a percentage.  Although you can calculate monthly or quarterly yield, most investors look at yield from an annual perspective. At its most basic, you calculate yield by dividing the net return (including interest earned and dividends) by your initial investment. So, if you invested $10,000 in a software company and earned $300 in interest and dividends for the year, your yield is 3% because 👇 $300 / $10,000 = 0.03 x 100 = 3% Investors rely on yield to make sure they’re putting their money in the best possible investments. They can calculate yield to compare different investment options and decide which will be the most profitable. A higher yield usually means that an investor can earn more off their investment, while a lower yield probably won’t bring in as much income. Generally, as risk increases, so does yield. For example, you might not earn too much on a bond issued by the federal government, but there’s also a pretty low risk of default. Same goes for stock from a well-established company (think, @mcdonalds or Johnson & Johnson). On the other hand, a tech startup might have a high yield, but there’s also a greater risk that company will fail. Yield and total return are both expressions of investment income, but they differ slightly: ➡️ Yield includes dividends and interest. Often an investor looking solely at yield will be income focused, with a goal of preserving their initial, principal investment. ➡️Total return is a more complete picture of investment income. It includes dividends and interest along with capital gains and distributions. An investor focused on growth will likely rely more on total return. Click the link in our bio or today's stories to learn more. 🤓
“This’ll be a surprise for both of us.” 🙃 “This’ll be a surprise for both of us.” 🙃
A Last Will and Testament, or “will” for short A Last Will and Testament, or “will” for short, is a legal document that lets you transfer your assets after you die. If you have children under age 18, you can also use a will to choose someone to care for them after you pass. Wills aren’t required, but it is generally recommended that everyone with something to leave behind, even small items, consider one. Some common reasons people need wills are to: ✅ Ensure care of children goes to a loving guardian ✅ Correctly distribute property or financial assets ✅ Leave last messages for loved ones ✅ Give assets to charity If you don’t have a will when you die, known as dying intestate, state law dictates the distribution of your assets. There’s no single template for a will, but there are some standard elements, including: ➡️ Your name and address ➡️ Assets you want to allocate ➡️ Names of the beneficiary for each asset (and alternates, should those people die before getting your assets) ➡️ Guardian for your kids (plus an alternate) ➡️ Name of your executor (the person who handles the process after you die) ➡️ Your signature and the signatures of your witnesses Putting your will together is pretty straightforward, and contrary to popular belief, you don’t have to involve a lawyer. There are various types of wills, including Testamentary, Holographic, Oral (or nuncupative), and Deathbed. You can write people out of your will. Just keep in mind that in some states, certain people (such as spouses) still have legal claim to your assets no matter what you write. Do you have a Will written? More than 60% of Americans don't! Click the link in our bio or today's stories to learn more, including some easy steps to create one and more.
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