Pro athletes and other affluent individuals tend to be primary targets for unscrupulous financial professionals. It is crucial to conduct thorough research when looking for a financial advisor. A successful, long-term relationship with your advisor can be beneficial to you and your family. Here are a few key factors to consider when hiring a financial advisor.
A trust is a legal entity that is central to a three-part agreement in which an individual — the trust’s "grantor" — transfers the legal title to an asset to that trust for the purpose of benefiting one or more beneficiaries. The trust is managed by one or more trustees. Trusts may be revocable or irrevocable and are sometimes included as part of a will.
Does your family know how much money you make? Or how much you’ve saved for retirement? What about your total net worth?