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Revocable trusts – Don’t forget to fund the trust throughout your lifetime
March / April 2024
Newsletter: Estate Planner
Price: $225.00, Subscriber Price: $157.50
Word count: 1008
Abstract: Many estate plans are built around revocable trusts (sometimes called “living trusts”). After a revocable trust is created, the trust creator must fund it by transferring assets to it. However, not all assets belong in a revocable trust. Indeed, it’s important to keep certain assets out of the trust to avoid adverse consequences. This article examines what type of assets to use (and not to use) to fund a revocable trust. A sidebar answers the question of whether life insurance should be used to fund a revocable trust.
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In the nick of time – Spotting distressed borrowers
September / October 2009
Newsletter: Commercial Lending Report
Price: $225.00, Subscriber Price: $157.50
Word count: 1008
Abstract: The recession has impacted virtually every type of business. But how can a lender differentiate a temporary lag from irreparable mismanagement? Which borrowers are salvageable, and which are not? This article discusses not only red flags to watch out for in financial statements, but non-numeric indicators of distress, as well — such as employee turmoil, competitive pressures, management crises and a deteriorating track record. It describes proactive steps lenders can take, while a sidebar warns against lenient lending terms.