Are Living Trusts Worth It? Pros and Cons | Don’t Wait to Make Year-End Money Moves

Are Living Trusts Worth It? Pros and Cons | Don't Wait: Make Your Year-End Money Moves Now | How Much Is the Child Tax Credit for 2024? Created for {EMAIL} | [Web Version]( August 29, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Youtube]( [Instagram]( [SIGN UP](format=multipart) ⋅ [WEBSITE]( [] Top Story [] [Are Living Trusts Worth It? Pros and Cons]( [Are Living Trusts Worth It? Pros and Cons]( (Getty Images) Living trusts can help manage your assets (and taxes) while you're alive and transfer them after you die, but [they have disadvantages, as well as advantages](, says estate attorney Patrick Simasko. [] Financial Planning [] [Don't Wait: Make Your Year-End Money Moves Now]( [Don't Wait: Make Your Year-End Money Moves Now]( (Getty Images) Now is a great time to minimize your upcoming tax bills, get your RMDs in order and make sure your investments are on track for a prosperous new year. Financial executive Nico Pesci [helps you figure out where to start](. [Drivers With No DUIs Are Getting A Payday On Thursday]( Don't pay your next auto insurance bill until you read this... [Read More]( ADVERTISEMENT [] Tax Credits [] [How Much Is the Child Tax Credit for 2024?]( [How Much Is the Child Tax Credit for 2024?]( (Getty Images) The refundable amount of this tax break is slightly higher for the 2025 tax filing season. [Here’s what you need to know](. [] Smart Travel [] [Avoid Annoying Hotel Fees: Per Person, Parking and More]( [Avoid Annoying Hotel Fees: Per Person, Parking and More]( (Getty Images) We all know how annoying it is to get stuck paying for hotel amenities that we don't use. Here are 10 common hotel fees to be aware of -- and [advice on how to keep them off your bill](. Don't get stuck paying for amenities that you don't use. [Start investing in minutes]( With automated tools like portfolio rebalancing and dividend reinvestment, Betterment helps make investing easy for you, and a total grind for your money. [Learn More]( ADVERTISEMENT Featured Content Sponsored Content from Kiplinger Advisor Collective [Expand Your Influence in the Financial Industry]( Join the Kiplinger Advisor Collective: the ultimate platform for financial experts. Network, build your brand, and share your expertise with readers. [Inquire Now]( [] Places to Live [] [Best Cities for Homebuyers 55 and Older]( What are the best cities for homebuyers 55 and older? An Opendoor survey ranked San Antonio, Texas, as the best aging-friendly city, with Charlotte, North Carolina, rounding out the top ten. [Read More]( [] Investing [] [Our Top Online Brokers and Trading Platforms Picks]( Find the best online brokers using our survey that compares investment offerings, tools, apps, advice and more. [Read More]( [Do you Need Help Balancing Your Retirement Goals?]( Spending your hard earned retirement money can be complicated—and it's important to make the right decisions that will help your savings last. Vanguard Personal Advisor is built to provide you an ongoing collaboration with our professional advisors — so you can retire with the support you need. [LEARN MORE]( ADVERTISEMENT ABOUT KIPLINGER When we write about money, we get it right. So the decisions you make with your dollars are also right. Kiplinger is a trusted provider of unbiased financial advice, objective business and economic forecasts, and practical help to millions of business professionals, investors, and individuals seeking to make more profitable decisions with their money. Our [flagship publications]( include [Kiplinger Personal Finance]( magazine, [The Kiplinger Letter]( [The Kiplinger Tax Letter]( [Kiplinger Retirement Report]( and [Kiplinger Investing for Income.]( All are regarded as the leading publications in their respective fields. Every day, millions of readers rely on our [free e-newsletters]( for help on everything from getting the best rate on a mortgage or car loan, to managing their businesses in an uncertain world, avoiding an IRS audit, building wealth for a secure retirement, or investing wisely in any kind of market. Now it’s your turn to reap all the rewards Kiplinger has to offer. Visit [Kiplinger.com](, your gateway to all of the above and much more. Check in any time for our latest advice on how to make more money, and keep more of the money you make. Stay right on the money, with Kiplinger. [Sign Up](format=multipart) | [Print Publications]( | [Unsubscribe]( [Privacy Policy]( | [Cookies Policy]( | [Terms and Conditions]( CONTACT US: [FEEDBACK](mailto:mailto:alerts@kiplinger.com) | [ADVERTISE]( [Future]( Future US LLC © Full 7th Floor, 130 West 42nd Street, New York, NY, 10036