4 Freelance Writing Niches to Supplement Your Income

With the emergence of the corona virus reaching pandemic proportions during the first quarter of 2020, thousands of freelance writers around the world found themselves in a quandary.

Aside from the fact that dozens of print magazines have reduced their frequency or stopped being published altogether, travel writing and event coverage were once potentially lucrative niches that were badly affected by the pandemic.

But don’t worry, because with a little creativity and a willingness to adapt and adapt, freelance writers can take advantage of other avenues to which they can redirect their talents and abilities.

Here are some specialties that freelance writers can consider:

Resume writing and editing

With the huge number of COVID-19 cases posing a great threat to the global economy, many safe and stable employees have lost their jobs. They could turn to telecommuting, settle for underemployment or part-time (at least for the moment), or choose to become self-employed.

As a result, the demand for competent resume writers has never been higher. You should show your ability to write or edit resumes by having a few samples. If you are an absolute newbie, here are profitable ways to build a portfolio:

  • Contact college or university students who may need a resume to enter an internship or volunteer program.

  • Recent graduates are ideal clients; they are often eager to land entry-level positions right away.

  • Skills-based resumes are essential for graduates of vocational, business, or technical courses.

  • Get old copies of your friends’ resumes and turn a chronological resume into a skills-based one, and vice versa.

  • Talk to IT professionals as they constantly update their credentials.

  • Introduce yourself to people who might be in the process of a career change / change.

  • Accept “high risk” job applicants – “special cases” such as the failed employer or stay-at-home parent seeking re-entry into the workplace, people with disabilities, or people with significant gaps in their work history.

Proofreading

If you have an eye for detail (misspellings, awkward sentence structures, misplaced punctuation marks, etc.), try proofreading. There are a good number of documents that need clarity to achieve the desired results, not just a good command of English: book reports, theses, dissertations, college admissions essays, business plans, scholarships, etc. Proofreaders typically charge per page, and a standard page is 220 words long.

Writing about fashion niches

While certain niches have declined in 2020 due to pandemic-related restrictions, there is a whole new range of topics that can serve as a goldmine for article ideas. Consider the following:

  • Plants and plant care

  • Coping with work-from-home arrangements

  • Helping children with online classes

  • Simple craft projects to keep worried kids at home

  • Health and fitness concerns

  • Popular pastimes during quarantine.

  • Online sale

Writing online dating profiles

This may be a bit surprising, but there are many singles who are serious about finding a suitable partner for marriage, or at least a long-term relationship.

I’ve also noticed a growing trend: Divorced and single parents, or those who have sobered up from an addiction, are finally getting to that healthy place where they can date again. There are also specialized sites for big and beautiful women (BBW) and people with disabilities.

You don’t need to lie or embellish existing attributes just to make your customers appear more attractive. If they have not yet earned a college degree, briefly mention the online or adult education classes they are taking.

Big, beautiful women who like yoga or cycling can be fun and exciting for men outdoors. Even introverted singles can present themselves as “someone who enjoys moonlit walks on the beach, adult board games on the weekends, dates at specialty bookstores or souvenir shops, or conversations with a coffee”.

How to Schedule Your Instagram Posts for Better Results

The first thing to realize when using Instagram for business and being able to schedule Instagram posts is that you need to upgrade your account to a business account.

When you have a business Instagram account, you unlock many features that are not on the personal platform. So do it right away, then follow the rest of the steps.

Tools you can use

There are numerous tools that you can use to schedule Instagram posts. Hootsuite.com, Later.com, and HopperHq.com are great platforms to use. You can upload the information using your laptop or PC, or you can hire a virtual assistant to do it for you. You no longer have to send individual posts through your phone. If you have a business account, you can use scheduling software to schedule each post. But you will still need to use your phone to finish the process if you are posting photo or video albums.

Interact with your followers

Although you can now use tools to schedule Instagram posts without your phone, you still have to push yourself to engage with your followers. You don’t want to forget to watch Instagram and comment on people who tell you things and comment on other people’s posts, although you can schedule it using your PC. Remember, social media is all about participation. Commits.

Instagram automation

There are some services that will say they will automate getting more followers and shares for you. But the truth is that this is a bad idea. While it may seem fun to automatically follow and like people who comment or use a hashtag that you set up, the best way to do it is personally. If you really want active and legitimate follow-up, do it yourself or ask your VA to do it for you. Otherwise, you could even end up with a locked account.

Don’t spam your audience

Instagram is very adept at getting rid of spammers. Therefore, you must be careful about the appearance of spam. If you have a lot of images from the same event, post them as a photo album. Also, try to offer free content more than you promote. They say you should promote only once after three posts. So, post helpful content three times and then promote the fourth time. It is a good rule of thumb.

Avoid scheduling content too far

If you schedule your posts too far, you may end up accidentally offending people. But, if you pay attention to the news and can stop your schedule, you might be saved if something happens. Be very wary of any type of scheduled post that can be taken badly on a bad day.

Always check your post before scheduling or posting. Check for typos and make sure there aren’t any issues with your image that may be taken incorrectly or something you don’t want. Post regularly, use appropriate hashtags, and follow your fans.

Income Investing Fantasyland: High-dividend ETFs and Equity Mutual Funds

Several years ago, while answering questions at an AAII (American Association of Individual Investors) meeting in Northeast New Jersey, a comparison was made between a professional-led “Market Cycle Investment Management” (MCIM) portfolio. and any of the various “High Dividend Select” ETF stocks.

  • My answer was: Which is better for preparation for retirement, 8% of pocket income or 3%? Today’s answer would be 7.85% or 1.85%… and of course there is no molecule of similarity between MCIM portfolios and ETFs or mutual funds.

I just took a “Google” (closer than I normally would) on four of the “best” high dividend ETFs and a group, similarly described, of high dividend mutual funds. ETFs are “marked with” an index such as the “Dividend Achievers Select Index” and are comprised mostly of large-cap US companies with a history of regular dividend increases.

Mutual fund managers are tasked with maintaining a high dividend investment vehicle and are expected to operate as market conditions require; The ETF owns all the securities of its underlying index, all the time, regardless of market conditions.

According to their own published numbers:

  • The four “best of 2018” high dividend ETFs have an average dividend yield (that is, on your checkbook to spend money) of … pause to catch your breath, 1.75%. See: DGRW, DGRO, RDVY and VIG.

  • Equally unspectacular income, the “best” Mutual Funds, even after slightly higher management fees, yield a whopping 2.0%. Take a look at these: LBSAX, FDGFX, VHDYX, and FSDIX.

Now really, how could anyone expect to live at this level of income production with a portfolio of less than five million dollars? It simply cannot be done without selling securities, and unless ETFs and funds increase in market value every month, investing in equity has to happen on a regular basis. What if there is a prolonged bearish market turn?

The funds described may be better in a “total return” sense, but not in the income they produce, and I have yet to determine how the total return or market value can be used to pay your bills. .without selling the securities.

As much as I love high-quality, dividend-producing stocks (investment-grade value stocks are all dividend payers), they’re just not the answer for retirement income “readiness”. There is a better, income-focused alternative to these stock-income producing “dogs”; and with a significantly lower financial risk.

  • Note that “financial” risk (the possibility that the issuing company will default on its payments) is very different from “market” risk (the possibility that the market value will move below the purchase price). .

For an apples-to-apples comparison, I selected four equity-focused fixed-capital funds from a much larger universe that I have been watching quite closely since the 1980s. They (BME, US, RVT, and CSQ ) have an average yield of 7.85% and a payment history dating back an average of 23 years. There are dozens of others that produce more income than any of the ETFs or mutual funds mentioned in Google’s “best-in-class” results.

Although I am a firm believer in investing only in dividend-paying stocks, high-dividend stocks are still “growth purpose” investments and simply cannot be expected to generate the kind of income that can be relied upon from their cousins ​​with “income purpose”. . But share-based CEFs come very close.

  • When you combine these capital income monsters with CEF for similarly managed income purposes, you have a portfolio that can get you into “retirement income readiness” … and this is about two-thirds the content of a portfolio of Managed MCIM.

When it comes to income production, bonds, preferred stocks, notes, loans, mortgages, real estate income, etc. they are naturally safer and higher yielding than stocks … as the investment gods, if not the “Wizards of Wall Street” would have it. They have been telling you for almost ten years that returns of around two to three percent are the best they have to offer.

They are lying through their teeth.

Here’s an example, as reported in a recent Forbes Magazine Michael Foster article titled “14 Funds That Crush Vanguard and Yield Up to 11.9%”

The article compares both performance and total return, noting quite clearly that total return is meaningless when your competition generates 5 or 6 times more annual revenue. Foster compares seven Vanguard mutual funds to 14 closed funds … and the underdog win in every category: Total Stock Market, Small Cap, Mid Cap, Large Cap, Dividend Appreciation, US Growth, and Value of USA His conclusion:

  • “When it comes to one-year performance and profitability, none of the Vanguard funds win. Despite its popularity, despite the craziness of passive indexing, and despite the good story many want to believe to be true, Vanguard is a laggard. “

Hello! It’s time to kick-start your retirement preparation income program and stop worrying about total returns and changes in market value. It’s time to put your portfolio in a position where you can make this statement, unequivocally, without hesitation, and with full confidence:

“Stock market volatility and rising interest rates are not likely to negatively impact my retirement income – in fact, I am perfectly positioned to take advantage of all market and interest rate movements. of any magnitude, at any time … without ever invading the principal except in unforeseen emergencies. “

Still not there? Try this.

* Note: no mention of any security in this article should be considered a recommendation of any kind, for any specific action: buy, sell or hold.

Mind-blowing custom closet design ideas

One of the most efficient ways to organize personal items around the house is to design a custom closet. There are two types of wardrobes mainly, dressing rooms and dressing rooms. Time should be spent taking inventory of the items to be stored while designing a custom closet. “Function”, that is, the purpose that the design is intended to fulfill and “Aesthetic”, which is the attractive design for the senses, are two basic principles that must be taken into account. Certified local carpenters are professionals who will be able to build the closet of your dreams according to your wishes.

1. Multiple rods

Clothes can be arranged more efficiently if there are multiple rods present in the closet.

2. Cabinet drawers

Closet drawers are very important when it comes to storing smaller items like gloves, scarves, underwear, and socks.

3. Efficient doors

The cabinets can have four types of doors. Three of them include folding, sliding and pocket doors. They are efficient in the sense that they help save floor space. A hinged door that opens into the room can provide space for small items by adding hooks, hangers, pegs, etc. to the back of the door.

4. Strong racks

The racks are normally designed for storing shoes and ties. The grates must be durable and strong.

5. Adjustable shelves

Storage units that have built-in adjustable shelves provide closet flexibility because stored items change seasonally.

6. Depths of shelves

Shelves must fit the items to be stored. For example, 14-inch wide shelves should be reserved for washing clothes, hand towels, etc. while shelves around 24 inches should be reserved for large bedding, etc.

7. Shoe cubicles

Cubicles can be designed to hold shoes, but they must be cleaned frequently of accumulated debris on the soles of the shoes.

8. Removable slippers

Pull-out baskets and shelves of various sizes are available with many custom closet systems. These removable baskets are very useful as the content can be easily accessed. They can be installed close to the cabinet floor.

9. Wardrobe accessories

Closet accessories are needed to store small items. They include jewelry trays, shelf dividers, drawers, and removable shelves for belts and ties. There may be space to store a folding ladder and ironing boards.

10. Lighting

There are construction specifications that govern what type of lighting can be used in a closet. Compact fluorescent bulbs are safe. Incandescent bulbs are prone to catching fire in tight spaces.

11. Optimization of walls

Walk-in closets typically offer three walls for storage, even if a window is included. When planning storage, the space covered by the drawers should be considered and the best use of the cabinet corners should also be ensured.

It will be helpful to discuss storage needs with trusted carpenters who are knowledgeable about the best products and design solutions. Savvy local carpenters understand that “one size does not fit all.” A professional will be able to assess the volume of space you have to work with and create drawings to optimize “function and aesthetics” of the closet storage space.

Classic Cars – Muscle Cars and Hot Rods available to buy online across the US.

There are several places to buy classic cars on the Internet and throughout the United States. These items can include classic cars, muscle cars, and hot rods. They are easy to obtain and great deals can be found at various resources. A person would have a fabulous time browsing for these items to buy and add to their wish list. Almost everyone dreams of owning and maintaining different styles of cars. They are available throughout the United States. These items can be purchased refurbished and stored. They can also be found cheaper by purchasing one that requires extensive work. A person can choose to buy classic cars, restore them, and then sell them for a profit. This method is an excellent undertaking for people who are avid car collectors, like the styles of these cars, or someone who wants to make a profit. Classic cars, muscle cars, and hot rods can be found for whatever reason an individual desires.

Various classified ads for classic cars can be found on the Internet. Prices can range from very expensive to quite inexpensive. This all depends on the customization of the vehicle. A person could find a 1958 Chevy Apache 3100 for just over $ 10,000. There is a 1946 Mercury 2dr Coupe for sale for about $ 50,000. It is a beautiful item to grab. A 1955 Ford Thunderbird Roadster costs $ 50,000. These classic cars are generally show quality. However, with thorough research, a person could locate the car of their dreams that they can restore to beautiful quality. A person should be especially careful when buying classic cars online. It is vital to talk to the seller and have as much protection as possible.

Sports cars could also be located for sale. These vehicles have a special assortment for the pleasure of an individual. Again though a person could buy these styles of cars to restore as a hobby or business venture. There is a 1936 Mercedes Benz for about $ 20,000. One person could locate a 1939 Plymouth 4dr, which needs to be restored and is still running! This beauty is priced at $ 4,000. Some of the older models need to be restored to their original condition. However, when one person makes them themselves, they will save thousands of dollars off the price of classic cars.

When a person drives the vehicle on their own, they know exactly what they are getting and how much time and energy goes into building a fantastic car for their showroom. Although, a person could locate a hot rod that already exists in various places. A person could purchase a 1966 Chevy Nova 2dr Coupe that is fully stocked for $ 20,000. A person can buy a fully loaded 1967 Pontiac Firebird 2dr Coupe for about $ 15,000. The skies are the limit of what you can achieve with classic cars.

There, classic cars can be located in a person’s hometown or on the Internet without much trouble. It is advisable to be careful when dealing with car dealerships on the Internet. However, there are methods to ensure that a person receives exactly what they expect. A person will be pleasantly surprised when buying classic cars from online resources or local businesses.

Do you know what you are really measuring?

At first glance, measuring the success of your business is easy. Either you are in red or black at the end of the year. Measuring the success of each marketing program is ultimately related to the overall success of your business. If your marketing plan is not working, you will see a lot of red ink. More and more VARs are finally realizing that they must have a way to measure the return on investment of every marketing program. It is no different than having a “checks and balances” system. If it works fine, why? If not, why not?

Do you really understand the meaning and value of ROI? Sure, you measure the success of your Cooperative Programs / Marketing Development Funds (MDF) and base your ROI on activity. You communicate your ROI through your channel partners. You realize that better ROI tracking is needed, and you want to measure your business success in ROI, based on revenue. You even recognize that you must have a way to track ROI for each program and promotion. However, at the end of the day, you may actually be missing a clear ROI.

Why is this? Based on the constant buzz about it, we know ROI is important, but simply attaching a way to measure effectiveness to each program does not guarantee that it will produce clear results. Do you understand what you are really (or should be) measuring? Have you planned and executed programs so that you can really measure them? If you are asked to justify your programs and promotions, do you have the tools and resources to display your program’s goals, activities, and results in a positive light? If not, you need to create something pretty fast to keep those programs out of the block.

Your survival may depend only on how well you can measure your success.

Here are some steps to set up a simple ROI scenario for your marketing pieces:

– Determine the cost of the individual program, promotion, brochure or marketing item, and do this for each marketing item and program. Include all expenses involved in running this program, such as labor costs and brand costs (public relations, advertising, website initiatives); and printing, web / email, and direct mail costs.

– Determine the potential number of impressions of each piece of the plan. How many brochures will you mail? How many people will receive your email? What is the circulation of the newspaper or magazine in which you advertise or send your press release? If you can’t quantify something, use “0” impressions, but include the cost of this in your equation.

– Calculate the response rate you could receive for each part of the program. Based on past history, you may have this information. Otherwise, make an educated guess (that is, an average of 15 percent of recipients open your bulk emails). See the Direct Marketing Association Response Rate Trends Report for more detailed information.

– What are the annual sales of each client with you? Know the dollar value that your customer has within your company based on annual sales.

Using this information, you can now create a formula, based on how your program expenses compare to the number of impressions and the perceived response rate. Create estimated total income, subtract your expenses, and voila! It has its ROI.

How to keep a baby shower a secret from mom-to-be

Your best friend, your sister, your aunt, or heck, I suppose it could even be your mother, she’s pregnant and you want to throw a secret baby shower for her, but you have no idea how to keep it a secret? I have you covered. This article will give you tips on how to host a surprise baby shower.

Rule number one when planning any type of surprise is very important and its importance should not be underestimated. That rule is this: BE CAREFUL WHO YOU TELL. I write this in capital letters because it is so important. It is extremely difficult to keep secrets for some people, and in many cases some secrets are simply accidentally disclosed.

Of course, to organize a secret shower, you need to tell each and every guest about the event. You cannot decide not to tell them and you cannot choose who you tell them to … however, you can make it very clear to them that it is a surprise and that the expectant mother has no idea of ​​its existence.

It’s also a good idea to include dad in the plans, so he can make sure the mother-to-be is available on shower day. It can also give you an idea of ​​what days and times would be good (you don’t have to be the dad to be … it can be anyone close to you in your life who knows your basic schedule). This person can also provide additional guest information if they do not have it. For example, your side of the family, or the members of your family that you don’t know.

You can make paper invitations or phone calls. If you are making paper invitations, repeat that the shower is a surprise and please direct all questions and RSVPs to yourself. Be sure to include your phone number on the invitation so guests can contact you if they have any questions.

There are many ways to get mom to be at her baby shower without knowing where she is going. You will first have to decide when you want the secret to spill. Will he be happy to have a surprise until that day, or would he rather have it stay as a complete surprise until she arrives? A complete surprise until she arrives is a little more difficult to achieve, but it certainly can be achieved. You will have to come up with a good excuse or reason why she needs to go to the place where you are organizing the shower.

However, one piece of advice. Meet your guest of honor. Not all people enjoy surprises. Make sure that if you are doing a secret shower you will not end up embarrassing or angering a pregnant woman. Ultimately, a baby shower is for her, so make sure it makes her happy.

Hansel and Gretel and the fairy tale motif of famine in the Middle Ages

One of the most beloved fairy tales of all time “Hansel and Gretel” shares its general outline with some of the most endearing and haunting fairy tales out there. For this motif shows both the possible cruelty of parents, the darkness of a world without food, and the ability of children to work together to overcome the impossible. The world of the Middle Ages is different from what we usually portray, people did not want greatness, adventure and love, people wanted food.

It is not a coincidence that the French Revolution occurred during a bread shortage, or that the Russian Revolution was cured of hunger. Those with high ideals in both cases had fought for years to get the people to rise up for freedom, but freedom, as always, is relegated to food and safety. For the peasants, the threat of hunger is very real, and life is certainly very dark.

It is perhaps the need for food that makes the idea of ​​cannibalism so forewarned in folklore, from witches to the wicked stepmother in “The Juniper Tree” folklore, who is ripe with those who would eat others, especially children. And the same goes for the “Hansel and Gretel” motif, where desperation for food leads people to perform the most despicable acts, abandoning children to die and attacking them for food. It can be argued now that it was the stepmother who sent the children to die, but this was not the case in the original story, the Brothers Grimm seemed unable to bear the dark reality of life from which the stories came and thus changed to the mother for the stepmother.

Molly Whuppie portrays this dark reality in perhaps one of the crudest ways possible, as parents who have too many children leave them in the woods to die. However, it is interesting to note how easily children forgive children in all these tales, because when children make their fortune by overcoming the cannibalistic intentions of the woods, they usually go back to the parents or at least one parent. It is always interesting to note that while parents abandon their children to die, the villain in these stories is typically a rich creature in the forest that children must kill in the ultimate eat or be eaten game.

The story of Molly Whuppie stands out as one of the best examples of this game, as starving children find a kind woman who takes them in and then tries to protect them from her monstrous husband. In return, the eldest of the three girls plays the latest set of tricks, having the father slaughter his daughters and then beat his wife to death, even as the wife freed Molly from certain death. Certainly the giant husband had tried to murder Molly and her sisters, but the sisters had done nothing to deserve his death.

The wife did not have to deserve hers either because she had tried to save the children from hunger. The message of this story, then, would seem to be that when hunger strikes, children must play with the sympathies of the rich, or rob them, because they have entire houses of food. Then the children should cheat these rich benefactors to death, to steal their treasures. For such are the dark realities of the fairytale world in which we once lived.

How to stop eating by experimenting enough

Have you ever had the feeling that you cannot stop eating? That there is never enough? What are you a bottomless pit? These experiences are an opportunity to look deeper, to discover what may be happening behind them.

Don’t blame your food or your weight. Allow yourself to look more deeply. You may find that this feeling of not getting enough permeates your life.

You may find that you live life from an inner sense of poverty, a deep sense of lack that virtually guarantees that no amount of food will satisfy you. That no amount of friends, sex, clothes or money will satisfy you.

When you take a closer look, you may find that feeling deprived today can be based on a very real experience of being deprived in the past.

Think of a little girl who couldn’t get enough of her mother’s love. There is nothing the child can do about it. But as an adult, she is in control of how much food she can eat. So eat more to make up for not having enough of something vital in your past, in this case, love.

Feeling deprived of love can also have the opposite effect when the desire to feel loved is so overwhelming that a person closes in and ends up restricting food intake. In effect, they are taking drastic measures with food to keep the overwhelming desire for love and connection in check.

To heal this emotional overfeeding (or undernourishment) start looking for evidence in your life that there is enough. We all have places in our lives where we experience enough.

We all have signs in our lives that there is enough. How does your body indicate that you’ve had a pretty good time at a party and that it’s time to go? How does your body tell me that I’ve had enough shopping and that I need a break? How does your body tell you: “Enough with the computer, let’s do something else!”?

As you can notice the “enough” signals from your body, start tuning in to those signals related to food and eating. For example, the body indicates that it has eaten enough food through feelings of satisfaction or satiety. Slow down while eating and look for those signs.

Remember, if you are distracted, for example watching TV or playing computer games while eating, it will be difficult to notice the signal. Also, if you are limiting your food intake or judging yourself, it will be very difficult to notice the sign.

When you allow yourself free access to food without judgment and tune in to yourself, you can begin to overcome deprivation. And while that may seem scary, as you learn to reconnect with your hunger and satiety signals, you will learn that you are not insatiable. That there is enough.

Surprisingly, pay attention to self-care around food and the powerful benefits. As you reconnect with hunger and satiety, you will separate the food from the emptiness of not feeling loved. Then you will have a chance to recover from not feeling loved. When you stop blaming your food and your body, you discover that you are enough.

Revocable Living Trust: Can It Help You Protect Your Assets?

Most people looking to make long-term plans have heard of revocable living trusts, but very few people really understand what they are.

A revocable living trust is a legal document that includes instructions on what to do with your assets when you die. Now, you may be thinking: isn’t that what a will does? Yes, that is exactly what a will does; However, the key difference between a will and a trust is that a trust prevents the assets in the trust from being probated (immobilized in the court system) at your death; a will does not.

Revocable living trusts are not the only way to avoid probate. Joint titling of your assets or designation of beneficiaries are two other commonly used methods to avoid succession. While joint ownership and / or beneficiary designations may be appropriate in certain cases, there are other situations where having your assets in a Trust is the best course of action.

Trusts are not as complicated as many people think they are. The first step is to meet with an attorney who is experienced in writing revocable living trusts and who can explain the process to you. You will become the Grantor of the Trust, that is, the

Trust belongs to you and only you can make changes to your trust. You will also need to name someone as Trustee to manage the assets in your Trust. You can be your own trustee or designate someone else (a family member, friend, or corporate trustee such as a bank) to act as trustee. Finally, you will designate the beneficiaries: people or organizations that will receive your assets when you die.

This is where a Trust comes in extremely handy. For example, you may have three adult children and you may want all of your assets to pass equally to all three children after your death, and if one of your children dies before you do, you want his share to go to your children. . This can easily be accomplished with a trust, but it would not be possible to name all three children as co-owners of your assets nor would it be possible to name all three children as beneficiaries.

This is just one example of the potential benefit of using a revocable living trust to avoid probate. Revocable living trusts are also helpful in case your desired distribution method is more complicated. For example, you may want a portion of your assets to go to your grandchildren, but they may all be teenagers right now. You can set up your Trust so that your grandchildren do not receive their share of the assets until they each reach the age of 25. On the other hand, you may have an adult daughter with a developmental disability who would not be able to manage her share of assets after her death. In that case, you can choose to have your share of the assets remain in the Trust’s possession after your death so that the Trustee can manage your share for you.

Situations like the two just mentioned can only be handled through a revocable living trust; they cannot be achieved through joint tenure or beneficiary designations. One last point: a trust itself is worthless unless it has been funded. Once the Trust document is drawn up according to your wishes and signed, you must transfer your assets to the Trust. This means that you will need to re-title your assets, such as real estate, stocks, and certificates of deposit in the name of your trust. (Retirement plans and IRAs should not be deposited in a trust.)

While having a revocable Living Trust can help you simplify the management of your financial affairs after your death and ensure your wishes are followed, there are many issues to consider when deciding whether a Trust is right for you. A good elder law attorney can help you with this decision.