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    Tying the knot raises multiple financial issues

    Decisions regarding joint vs. separate accounts, wills, power of attorney must be made



    What is a trust?

    A trust is a written arrangement under which one person, called a trustee, holds legal title to property for a beneficiary. You can be the trustee of your own living trust and keep total control over the assets in the trust.

    Trusts generally fall within two categories:

    • Revocable trusts that you (the grantor or settlor) create and control during your lifetime. You can revoke or amend the trust as long as you live.
    • Irrevocable trusts, in which the grantor relinquishes the right to amend or cancel the trust at a later date.

    More from Urology Times:

    This trust may benefit special needs individuals

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    Legislation renews IRA charity tax break

    Send your questions about estate planning, retirement, and investing to Joel M. Blau, CFP, c/o Urology Times, at [email protected] Questions of general interest will be chosen for publication. The information in this column is designed to be authoritative. The publisher is not engaged in rendering legal, investment, or tax advice.

    Subscribe to Urology Times to get monthly news from the leading news source for Urologists.

    Joel M. Blau, CFP
    Mr. Blau is chief executive officer of MEDIQUS Asset Advisors, Inc., in Chicago. He can be reached at 800-883-8555 or [email protected]
    Ronald J. Paprocki, JD, CFP, CHBC
    Mr. Paprocki is chief executive officer of MEDIQUS Asset Advisors, Inc. in Chicago.


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