The trust industry: A brave new worldOver the past half-century, the role of a trustee has evolved rapidly along with the trust industry itself. We have seen a transition in the investment standards guiding trustees from a “prudent man” using legal lists to a “prudent investor” employing modern portfolio theory.
Nearly half of all U.S. marriages—and more than half of all second marriages—end in divorce. There are many complexities that result from these breakups, particularly when children are involved. Decisions around the funding of college and completing financial aid forms properly can create many challenges for a divorced family. And unfortunately, high-net-worth families are not immune from these concerns.
Build credit and gain the confidence and direction you need to succeed in your new life. Realizing your credit record and score isn’t quite what it was when you were one-half of a married couple can be very distressing.Even if you received a lump sum settlement, you may still need to show prospective lenders that you are a reliable borrower.There are simple ways on how to build credit after divorce and keep from making the kind of missteps that can be hazardous to your wealth.