Ask an Advisor: Do I Really Need a Trust?
Tanza Loudenback, CFP® Mon, February 7, 2022,
I retired a few years ago and have a will and power of attorney, a reasonably good-sized net worth, mutual funds, annuities, cash, a home with no mortgage and a long-term health policy. I’ve read about trusts, but I’m still not clear on the pluses and minuses of setting one up. Why is that better than just the will and power of attorney? – Michael
I think many people ignore trusts because they seem elite. But you don’t have to be a multi-millionaire to set one up. Reader, it sounds like you’ve already created a solid estate plan with a will and a power of attorney. But these tools on their own, and without a larger plan, have limitations. Here’s why it might still make sense to get a trust. A financial advisor can help you create a financial plan that leaves a legacy to your heirs.
Why a Will Might Not Be Enough
A will is like a basic instruction manual. It outlines how the assets that don’t get transferred via a designated beneficiary should be distributed upon your death.
However, a will has to be verified by your state’s court system in a process called probate, which can be long and costly for your heirs. This is doubly true if you own property in multiple states. Additionally, probate also means your estate becomes public record.
A power of attorney gives a trusted advisor or relative the legal authority to make decisions about your property, finances or healthcare, but only while you’re still alive. That last part is crucial: Upon your death, the agreement dissolves entirely. So, if you want your assets to pass to your heirs swiftly, specifically and privately, then a trust is worth considering.
The Benefits of Using a Trust
There are several situations in which a trust is better than just a will and power of attorney.
You have multiple heirs. If you plan to pass wealth to more than one person, such as your spouse, adult children or grandchildren, a trust can streamline the transfer of assets and establish if/then rules. This can be difficult to clearly and legally explain in a will. There are also specific trusts you can set up to pass all of your assets to your spouse at your death and allow you to decide who will get what’s remaining at your spouse’s death. You can’t guarantee this type of specificity with a will.
To continue reading, please go to the original article here:
https://news.yahoo.com/ask-advisor-really-trust-200505368.html
CBI Denies Raising Travelers' Dollar Allowance
2026-11-01 06:17 Shafaq News- Baghdad The Central Bank of Iraq (CBI) on Sunday denied reports that it had raised the dollar allowance for travelers from $2,000 to $3,500, describing a document circulating on social media as fake.
CBI Media Director Haider Ghazi told Shafaq News that the document, which purported to announce an increase in the allowance, was forged and that no such decision had been issued.
Good Morning Dinar Recaps,
GLOBAL TRADE RESET WATCH: QUAD NATIONS STRENGTHEN SUPPLY-CHAIN COOPERATION
The United States, Australia, India, and Japan are expanding cooperation on critical minerals, semiconductors, trusted technology, and reliable trade routes to reduce vulnerabilities in global supply chains.
7 Surprising Benefits of Failure
By Kentin Waits WISEBREAD
Everyone loves a success story, and the world is filled with them. But what about stories of failure? Can't they be as just as educational? Just as inspirational? Equally insightful?
After all, a single big win is often built on several losses. It's a truth perfectly captured in the words of Japanese industrialist and automaker, Soichiro Honda, "Success is 99% failure."
KTFA
Saturday Night Video
FRANK26….10-31-26….PROSPERITY
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
HOLLY CELIANO: RV UPDATES! The Great Wealth Transfer & Latest Financial News | Oct 30, 2026
Chris Real World: 10-30-2026
In an insightful analysis by financial commentator Holly Celiano, recent industry developments illustrate how digital assets are no longer operating in isolation. Instead, they are steadily positioning themselves as vital components of a unified, highly efficient economic infrastructure.
This transition represents an evolutionary upgrade rather than a radical replacement of traditional systems, balancing regulatory responsibility with technological progress.
Rob Cunningham: The Global Release, Indebted to Enriched
10-3-2026
What if one day this fictional geopolitical thriller becomes a non-fictional reality?
THE GLOBAL RELEASE
from indebted to enriched
One coordinated release. Seven days of fallout.
At the same instant, designated custodians receive two words:
Basrah Heavy, Medium Crude Record Weekly Losses
2026-10-31 Shafaq News- Basrah Iraq’s Basrah crude grades ended the week down by around 0.15%, despite gains in the final trading session and rising global oil benchmarks.
Basrah Heavy crude climbed by $1.09, or 1.49%, in the final session to settle at $74.11 per barrel, but recorded a weekly loss of $0.10, or 0.13%, from $74.22 at the start of the week.
Good Afternoon Dinar Recaps,
GLOBAL PAYMENTS RESET WATCH: BRICS PAYMENT SYSTEM GAINS ATTENTION AS COMMON CURRENCY REMAINS A DISTANT GOAL
A new policy report urges BRICS nations to advance cross-border payment cooperation and local-currency settlement, while acknowledging that creating a shared currency remains a much greater challenge.
It’s Hard To Reform A Country That No Longer Shares Values
Notes From the Field By James Hickman (Simon Black / Sovereign Man) October 30, 2026
On September 17, 1787, 81 year old Benjamin Franklin sat in a room in Philadelphia with a speech in his hand that he was too weak to deliver.
A fellow delegate read it to the Constitutional Convention for him.
Franklin had reservations about the draft Constitution. His speech admitted there were “several parts of this constitution which I do not at present approve.”
Ariel: Iraq Sending the Budget Back for Recalculation
10-31-2026
Remuneration & Recalibration: Iraq Sending The Budget Back For Reconciliation/Recalculation
We Will Jump Right Into This Report
The Return-to-Sender No One Wants to Explain
The Ministry of Finance doesn’t send a budget back to the drawing board because the formatting needs tweaking. That document traveled all the way to the Council of Ministers the executive nerve center and then boomeranged straight back to the people who wrote it with what amounts to a sticky note reading “recalculate everything.”
KTFA:
Clare: The Minister of Transport discusses with Uber the company's entry into the Iraqi market.
10/30/2026 Baghdad /
Minister of Transport Wahab al-Hassani discussed with the CEO of Uber Middle East the company's desire to enter the Iraqi market under its original brand, and opportunities for exchanging expertise and experiences in the transportation sector.
According to a ministry statement, the company representative affirmed that "the security stability that Iraq is witnessing has been a primary incentive for moving towards the Iraqi market and offering its services there."
MilitiaMan & Crew: The New Trade Pipes: Why Everything You Know About Markets Is Wrong
10-30-2026
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
No drama. No intrigue. No songs and dances. Just straight, factual news that I read and interpret to the best of my ability after being an avid Dinar investor and insanely obsessed Dinarian for over 15 years.
Follow MM on X == https://x.com/Slashn
Good Morning Dinar Recaps,
GLOBAL ENERGY RESET WATCH: STRAIT OF HORMUZ TANKER ATTACK RENEWS FEARS OF OIL SUPPLY DISRUPTION
A reported attack on a commercial tanker in one of the world's most important oil corridors is adding fresh pressure to energy markets already facing geopolitical uncertainty.
Al-Jubouri: Raising The Dollar Exchange Rate Doubles Agricultural Production Costs By 20%
The former member of the Parliamentary Committee on Agriculture and Water, Thaer al-Jubouri, confirmed on Friday that agricultural production costs in Iraq have increased by 15 to 20 percent following the rise in the dollar exchange rate, noting that this will place a heavy burden on farmers in the country.
Good Afternoon Dinar Recaps,
GLOBAL PAYMENTS RESET WATCH: BIS EXAMINES THE FUTURE OF CENTRAL BANK MONEY IN A DIGITAL FINANCIAL SYSTEM
The Bank for International Settlements is examining how central banks can preserve trust in money as digital payments, tokenized deposits, stablecoins, and new financial platforms reshape the global payment system.
TNT:
Tishwash: Al-Fariji: The revenue generated from the change in the exchange rate does not represent a profit.
Crisis expert Ali Al-Fariji confirmed that the revenue generated from the increase in the dollar exchange rate against the dinar does not represent a net gain added to the state treasury.
Al-Fariji told Al-Maalouma that "raising the exchange rate of the dollar against the Iraqi dinar in the local markets may provide quick liquidity, but it does not represent a financial reform in itself."
He added that "real reform lies in building a multi-source revenue system, recovering funds and assets, reducing waste, and transforming the economy from dependence on oil and dollar pricing to financial management that measures results and creates real and sustainable revenues for the state."
Rob Cunningham: The Liquidity Revolution
10-30-2026
THE LIQUIDITY REVOLUTION: WHAT’S IN IT FOR HUMANITY?
A world rich in assets should ask a profound question:
WHY IS FINANCING PRODUCTIVE WORK SO DIFFICULT?
A farmer owns land – but needs equipment.
A manufacturer owns assets – but needs working capital.
A community has builders, materials and willing workers – but needs financing.
Stern Drew: Russia Showcases New Payment Infrastructure using Blockchain
10-30-2026
Russia Has Officially Showcased A New Payment Infrastructure Using Blockchain To Ditch The Dollar
At the International Economic Forum, Putin had also dropped this absolute BOMBSHELL:
“Any country can at any moment be deprived of access to its legitimate assets, which are placed in dollars or euros, as well as to Western financial payment infrastructure.
Bruce’s Big Call Dinar Intel Thursday Night 10-29-26
Transcribed By WiserNow Emailed To Recaps (INTEL ONLY)
Welcome, everybody, to the Big Call tonight. It's Thursday, october 29, and you're listening to the Big Call. Thanks, everybody, for tuning in again. We're on our regular Tuesday, Thursday, Tuesday, Thursday night pattern, which is good. We're still we're back, and we look forward to putting out a nice call tonight for everybody.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR Update as of Sun. 1 Nov. 2026
Compiled Sun. 1 Nov. 2026 12:01 am EST by Judy Byington
Judy Note: On Wed. 21 Oct. 2026 the Central Banking Structure in London (allegedly) experienced a massive liquidity drain. In reality, this was the official global roll out of the new gold/asset-backed ISO 20022 currency of our new Global Financial System. The return to the gold standard worldwide was (allegedly) taking place in 47 major banking networks – all at the same time.