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Spendthrift Trust: How does it work?

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A spendthrift is a type of trust which limits the beneficiary’s access to trust assets according to certain conditions set by the grantor. Spendthrift Trusts protect assets and ensure beneficiaries don’t waste their inheritance. Instead of releasing the money in a lump-sum, the trustee releases it incrementally. [0] . A spendthrift trust is especially helpful […]

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What is the median household income?

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According to the latest U.S. Census Bureau Current Population Survey for 2021, the national median household is $70 784. The median household income is highly variable by location. It can range from less than $40,000 in certain cities to more than $150,000 in other cities. Census data show that the median household income in America, […]

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Power of Attorney in Indiana – Guide and Requirements

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In Indiana, a power of attorney (POA) is a document that allows the principal to designate another person to act in their behalf. In order to be valid, a power of attorney must meet certain requirements. You can obtain a power-of-attorney in Indiana for matters relating to finances, health care, minor children, or other circumstances. […]

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Smart Money: Money and Happiness: Building (and Buying) Happiness

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Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode wraps up our Nerdy deep dive into money and happiness. This time, we’re talking about how you can build your happier, more financially confident life. Check out this episode on either of these platforms: Our take Turns out there […]

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Smart Money: The Future of College Debt, and Rent vs. Buy

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Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion on the future of college debt. Then we pivot to this week’s money question conversation with Brenna, a listener who is wondering whether to keep renting or buy a house. Check out this episode on […]

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