Many parents who have children struggling with addiction or mental illness are often too consumed with caring for those children in the present to given thoughts about who and how those children will be cared for when they are gone.
Serving as a trustee, power of attorney or executor in Missouri can be a nightmare. I often receive calls from the children of former clients who are now acting as a trustee for a parent’s living trust, acting as their power of attorney or if Mom or Dad passed away, serving as the executor or personal representative of their estate.
As we all know by now, legendary musician Prince unexpectedly passed away recently at 58. While the circumstances of his death are unclear, what is also unclear is who will get his estate, whether he had a will or a trust set up and the particulars of who will be in charge of what has been estimated to be a $300 million estate.
Submitted by Ben Waggoner, CFP® – Edward Jones, New Melle
As you’ve no doubt noticed, your trips to the gas station have been a lot more pleasant these past several months. There’s not much doubt that low oil prices have been welcome to you as a driver. But when oil is cheap, is that good for you as an investor?