I recently became trustee of a trust that provides income only to the current beneficiary and income and/or principal to the residuary beneficiaries. In looking for an investment strategy that would work for all beneficiaries, the question of what counts as income arose. After consulting several attorneys and tax accountants the answers I got regarding … Continue reading “Income Only Trusts”
Dealing with Dementia
I learn the most from the people I work with and the stories I hear. One man was caring for a mother with dementia. She was in the habit of drinking a lot of red wine which made the effects of dementia worse and left her feeling unwell most of the time. Rather than taking … Continue reading “Dealing with Dementia”