Time for a Family Meeting
Although it has often been regarded as an unspeakable topic, it is important to talk to your family, especially your adult children, about finances before you are gone.
The “Why” of my Inheritance
What you leave behind for your family and friends to treasure is important. However, the reason behind the heirloom may be even more important.
A Backup for Your Digital Lifestyle
In a desire to eliminate paper clutter, do you have bills and statements come to you online? It is wonderful when you have less paperwork to sort through, file, or dispose of, but what if something happens to you? What…
Debt After Death: Don’t Fear the Reaper | Central Trust Company
By J. Bryan Allee, J.D. - Vice President & Chief Fiduciary Officer According to a study in 2016, the average U.S. household carries $16,748 in credit card debt, $28,948 in auto loans, and $176,222 in mortgage debt. Total consumer…
Revocable Trusts Are Still Relevant
By Trenny Garrett, J.D. - Senior Vice President & Relationship Manager Since the estate tax exemption was raised a few years ago to over $5 million per person and indexed for inflation, many people think that revocable living trusts…
Communicating With Your Grandchildren | Central Trust
Communicating with your grandchildren can be tough these days. They may live miles away and you may only get to see them a few times a year. Even if they live close by, they are often so busy with school,…