Do You Need a Trust

Do You Need a Trust? | How to Avoid Financial Panic When a Recession Threatens | 3 Ways to Increase the Enterprise Value of Your Family Business Created for {EMAIL} | [Web Version]( September 4, 2022 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [Twitter]( [Building Wealth]( [Youtube]( [Building Wealth]( [SIGN UP]( ⋅ [WEBSITE]( [] Estate Planning [] [Do You Need a Trust?]( [Do You Need a Trust?]( (Getty Images) A simple will works for some people, but maybe not for you. Are you in a second marriage? Have minor children? Concerned about fraud? These are just a few of the many reasons to consider a trust, explains financial planner Roxanne Alexander. [READ MORE]( Plus: [You’re Not Too Young for an Estate Plan: 7 Essentials for Your 20s and 30s]( [] Personal Finance [] [How to Avoid Financial Panic When a Recession Threatens]( More Americans are worried about a recession with record inflation and a downturn in the stock market. If you’re among them, attorney Kelly LaVigne lists a few steps you can take that could help you sleep better at night. [READ MORE]( Plus: [The Good News About Recessions for Investors]( [4 Best Balance Transfer Credit Cards]( If you're suffering from high interest rate charges, transfer your debt to one of these balance transfer or low interest cards with 0% intro APR and start saving money. [READ MORE]( ADVERTISEMENT: [] Small Business [] [3 Ways to Increase the Enterprise Value of Your Family Business]( When you’re wrapped up in the day-to-day challenge of running a business, you can easily overlook some big-picture opportunities to boost your bottom line. Financial planner Dennis Coughlin details three factors for you to focus on today. [READ MORE]( Plus: [Audit-Proof Your Small Business]( [] Real Estate [] [What Are Qualified Opportunity Zones? Important Details for Investors]( [What Are Qualified Opportunity Zones? Important Details for Investors]( (Getty Images) Investing in blighted or up-and-coming “opportunity zones” offers some significant tax-deferral opportunities, and if you hold your investment for 10 years, your gains could be 100% tax free, explains investment strategist Daniel Goodwin. [READ MORE]( Plus: [Qualified Opportunity Zones vs. 1031 Exchanges]( [How To Hedge Against The Current Economy's Interest Rates]( Commodities, which are very highly tied to the more discretionary part of the consumer budget, have the potential to be much more effective in hedging real-feel inflation. For example, if the wholesale price of gasoline that we trade increases, it is very quick to feed through to the consumer at the pump. [READ MORE]( ADVERTISEMENT [] Retirement Planning [] [Estate Planning: 5 Tips to Pick Trustees, Executors and POAs]( The decisions on who would be best to carry out your wishes aren’t always clear-cut, and it’s easy to make a mistake. So before you name the agents for your estate planning documents, attorney Richard M. Ricciardi Jr. suggests taking five tips into consideration. [READ MORE]( Plus: [33 States with No Estate Taxes or Inheritance Taxes]( [Take Your Retirement Plan to the Next Level]( At Vanguard, we're invested in you. Which is precisely why we've created Vanguard Personal Advisor Services®, providing remote access to financial advisors, real-time goal tracking, and more confidence you'll meet your goals. [There's never been a more perfect time to get started.]( ADVERTISEMENT [] Also on Kiplinger [] - [10 Cheap Stocks to Buy for $10 or Less]( - [11 Tips on How and When to File an Amended Tax Return]( - [Sign Up for Kiplinger's Free Tax Tips E-Newsletter for Money-Saving Tax Planning and Compliance Advice]( ABOUT KIPLINGER When we write about money, we get it right. So the decisions you make with your dollars are also right. 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