Add A Living Trust To Your Estate Plan, High-Yield Savings Account Rates Over 5+%, Set Your Kid Up For Financial Success

What Is a Living Trust? | How to Set Your Child Up for Financial Success | High-Yield Savings Accounts Luring Spenders. Should You Move Your Cash? Created for {EMAIL} | [Web Version]( October 16, 2023 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [Twitter]( [Instagram ]( [Youtube]( [SIGN UP]( ⋅ [WEBSITE]( [] FINANCIAL LITERACY [] [What Is a Living Trust?]( [What Is a Living Trust?]( (Getty Images) So much of the talk around estate planning is about writing a will. There is a way to make a will obsolete and get around probate. It’s called a living trust. It’s easy to update as conditions and situations change, such as adding a new grandchild as a beneficiary. Avoiding probate is only one of the great attributes of a living trust. [Read on to learn about the other important benefits of establishing a living trust](. [] [How to Set Your Child Up for Financial Success]( [How to Set Your Child Up for Financial Success]( (Getty Images) Teaching them at a young age to set goals, work within a budget and save for the future are just some of the ways to set your kid up for success. Kerim Derhalli, founder of Invstr, emphasizes that it's not merely about setting financial goals; it's about cultivating a lifelong connection with money rooted in self-empowerment. [Here are some creative and effective ways to help you teach your child about money](. [Trusted Financial Advice Backed by Personal Attention]( At Vanguard, we're invested in you. Which is precisely why we've created Vanguard Personal Advisor ®, 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.]( Paid non-client promotion [GET STARTED]( ADVERTISEMENT [] SAVINGS RATES [] [High-Yield Savings Accounts Luring Spenders. Should You Move Your Cash?]( [High-Yield Savings Accounts Luring Spenders. Should You Move Your Cash?]( (Getty Images) Inflation has been good for one group of people — savers. Higher Fed interest rates have pushed savings rates to higher levels than seen in over a decade. A recent study by WalletHub says that savers have taken the rise in rates as a signal to slow spending with 3 in 5 Americans spending less due to higher interest rates. Take advantage of the one bright spot inflation has created and [check out these impossible to ignore rates on high-yield savings accounts](. Featured Content Sponsored Content from Kiplinger Personal Finance Magazine [Build wealth. Cut taxes. Retire rich.]( Get a [FREE ISSUE]( of Kiplinger Personal Finance magazine, and save up to 74% to subscribe. Includes special issues such as Investing Outlook, Retirement Planning, Mutual Fund Roundup, and Guide to ETFs. Count on Kiplinger for trustworthy help to make more money, keep more of the money you make, and live a financially secure life. [CLICK HERE]( [] ALSO ON KIPLINGER [] - Social Security [overpays billions]( —now it wants the money back - 12 good [reasons you should cancel]( Amazon Prime - American Express tests the [biometrics to reduce fraud in online shopping]( - Three ways business owners can [evaluate financial risk]( [7 Mistakes to Avoid When Hiring an Advisor]( Life should be a balance of adventure and relaxation - not finances. Enter: Working with a financial advisor. But choosing the wrong one could potentially wreak havoc on your investments. Be aware of these 7 common mistakes when hiring one so you can get back to the balance that matters most. [LEARN MORE]( ADVERTISEMENT ABOUT KIPLINGER When we write about money, we get it right. So the decisions you make with your dollars are also right. Kiplinger is a trusted provider of unbiased financial advice, objective business and economic forecasts, and practical help to millions of business professionals, investors, and individuals seeking to make more profitable decisions with their money. Our [flagship publications]( include [Kiplinger’s Personal Finance]( magazine, [The Kiplinger Letter]( [The Kiplinger Tax Letter]( [Kiplinger’s Retirement Report]( and [Kiplinger’s Investing for Income.]( All are regarded as the leading publications in their respective fields. Every day, millions of readers rely on our [free e-newsletters]( for help on everything from getting the best rate on a mortgage or car loan, to managing their businesses in an uncertain world, avoiding an IRS audit, building wealth for a secure retirement, or investing wisely in any kind of market. Now it’s your turn to reap all the rewards Kiplinger has to offer. Visit [Kiplinger.com](, your gateway to all of the above and much more. Check in any time for our latest advice on how to make more money, and keep more of the money you make. Stay right on the money, with Kiplinger. [Sign Up]( | [Print Publications]( | [Unsubscribe]( [Privacy Policy]( | [Cookies Policy]( | [Terms and Conditions]( CONTACT US: [FEEDBACK](concat('mailto:',$brief_feedback_email)) | [ADVERTISE]( Future US LLC © Full 7th Floor, 130 West 42nd Street, New York, NY, 10036