- RetireHub
- Posts
- Creating a Living Trust: Is It Right for You?
Creating a Living Trust: Is It Right for You?
Trivia: What 1950s toy became famous for walking down stairs all on its own?
RetireHub
January 20, 2025
“The Front Page For Retirement”
Good morning from RetireHub! ☀️ Your Monday newsletter has landed.
We’re covering living trusts, the best deals, and more to brighten your day.
In a recent poll, over 60% of RetireHub members said they were concerned about being overweight. Weight Loss by Hers* offers access to a comprehensive, clinical approach to help you achieve your weight loss goals. If prescribed, get unlimited access to licensed providers and a holistic program designed by weight loss experts—now with the most affordable 12-month plan for GLP-1 injections, starting at just $165 a month.
Top Deals From Around The Web
We find the best daily online deals so you don’t have to!
🥫 Multipacks of Tuna, Sardines, and Salmon: Save up to 20% with Subscribe & Save.
What We’re Reading
Check out this free book—get it on Kindle before it’s gone!
 | By: Kristy T Dixon When Ivy Clark moves to the quiet town of Muddy Creek to help her injured aunt run a diner, life seems peaceful—until her uncle is murdered and evidence points to her. With even her family doubting her innocence, Ivy teams up with an unlikely crew to uncover the real killer and clear her name. Can they solve the case before Ivy ends up behind bars? |
On This Day in 1971, a nationwide strike in Great Britain's postal system began.
RetireHub Poll
What’s the biggest factor influencing your decision about a living trust? |
Creating a Living Trust: Is It Right for You?
A living trust is a legal arrangement that allows you to transfer assets to a trust while retaining control during your lifetime. Upon your death, the assets bypass probate, going directly to beneficiaries. This can streamline the inheritance process and reduce the time and expenses typically associated with probate court.
Advantages include avoiding probate, maintaining privacy, and simplifying asset management in case of incapacity. It can also speed up the distribution process for heirs, preventing delays that might occur if your estate had to go through probate. Additionally, a living trust can provide greater flexibility in managing complex or valuable assets, such as real estate or investments.
However, a living trust requires upfront effort and costs to set up. You’ll need to fund the trust by transferring ownership of your assets into it, which can involve paperwork and legal assistance. While it offers benefits, a living trust may not be necessary for individuals with straightforward estates, where a simple will could suffice.
Consult an estate planning attorney to determine if a living trust aligns with your financial goals and family needs. Proper guidance ensures your estate plan reflects your wishes while offering the best protection for your assets and loved ones.
Yesterday’s Poll Results: Do you have intergenerational friends?
Our community shows us that friendship transcends age—keep on keeping on.
Thanks to the many of you who vote and comment every day. We love hearing from you!
Top comments & sentiments:
“Friendships are not based on age groups anymore, but more on career fields, hobbies or experiences. It is easier to connect with a broad group of people.”
“I do have intergenerational friends, and I would love to make more friends. My grown children have been an amazing source of younger friends.”
“I don't really have "close" friends, but I do have friends in most age groups.”
While we can’t publish them all, we do read and appreciate every comment. Some comments are edited to make room for more contributions.
Senior Living News From Around the Web
Are You Ready for Retirement? Discover Your Retirement Parachute!
Planning for retirement is about more than just finances—it’s about finding purpose, passion, and a lifestyle that fulfills you in this next chapter of life. Whether you’re wondering how to transition from a busy career or exploring new hobbies and goals, building your “retirement parachute” can help you glide smoothly into this exciting phase.
Follow us on Social Media!
Join an online community thriving in retirement! Find us on:
Every day we post retirement tips, highlights from our newsletter so you can comment and discuss in the community, and some fun retirement-themed motivation!
Longevity Tip of the Day
Embrace the Art of the Nap—A siesta is standard in many parts of the world, and now there's scientific evidence that napping may help you live longer. One study showed that those who had a regular snooze were 37% less likely to die from heart disease than those who rarely steal a few winks. Researchers think naps might help your heart by keeping stress hormones down.
Slang Phrase of the Day
Phrase: Sending me
Meaning: Causing intense excitement, laughter, or an overwhelming emotional reaction.
In a sentence: That joke was so funny, it had me sending me!
Good News of the Day
When the Ocean Returns What It Takes: A Miraculous Story
Losing something to the ocean usually means it’s gone forever—but not for this lucky group of friends! After their car keys were swept away by the waves, they thought their day at the beach was ruined. Then, a surprising twist left them in awe of nature’s generosity.
Other Publications We Like
Check out these other email newsletters we think you’ll enjoy!
RetireHub Trivia
Want more trivia? Play our “Nostalgia Trivia Game” on our site! We add fresh questions daily, so there’s always something new to test your knowledge.
Not into trivia? No worries! We’ve got plenty of other fun games to enjoy, like:
What year did the Berlin Wall fall, symbolizing the end of the Cold War? |
What snack was famously advertised with the slogan, “Betcha can’t eat just one”? |
What 1950s toy became famous for walking down stairs all on its own? |
How was today's newsletter? |
*TCompounded products are not approved nor evaluated for safety, effectiveness, or quality by FDA.
*Paid upfront. Actual price to customer will depend on product and subscription plan purchase.
Not available in all 50 states. Weight Loss by Hims & Hers is a holistic program that includes nutrition support, technological tools, and compounded GLP-1 injections or medication kits including customized compounded medications prescribed based on what your provider determines is medically appropriate and necessary for you. See website for full details, important safety information, and restrictions, including online provider consultation requirements.
**RetireHub may receive affiliate compensation for links clicked within this newsletter.
***RetireHub may share poll results with advertisers.