Are you ready to create an estate plan that utilizes a trust? If so, you will need to decide if you want to use a revocable or irrevocable trust. Here are a few key things to know about both types of trusts.
Revocable Trusts
Revocable trusts are also referred to as living trusts, and they are the type of trust that can be modified at any time by the person that created it.
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A person that has developed disabilities can find themselves facing severe financial consequences. In addition to the medical costs that their condition will require, they may find it impossible to work to support themselves. For those facing these challenges, disability benefits can provide vital monetary support to cover living costs and medical expenses.
Disability Benefits Are Not Strictly For Physical Issues
While many of the disabilities that individuals may experience could be related to physical issues, there are mental and emotional disabilities that a person can experience.
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If you are a business owner, you know that it is essential to have a supply agreement in place with any third-party vendor. A supply agreement is an important document that outlines the terms and conditions of the business relationship between the two parties.
It can be complicated and time-consuming to negotiate the terms of a supply agreement, which is why it is often beneficial to hire a qualified business attorney to assist.
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