Have you ever wondered whether you need a trust or a will?

If you have kids or own anything, then you need one of them. The question is which one — or maybe both.

A will and a trust are similar in many ways, however they do have their specific differences. Depending on what you would like to accomplish, one may be more appropriate than the other or having both may be appropriate. 


This past January, a friend came to me seeking advice. He had just received an inheritance and wanted to know how he should invest it. He rattled off a list of strategies that he was excited about and started to explain why he thinks now is a good time to invest.  

My first question to him was simple. It’s the same question I would ask almost anyone in his situation before talking investments. I asked him if he has an emergency fund. There was a moment of silence, and then a question: “What’s an emergency fund?”

Most people compare the idea of budgeting with pain more commonly associated with getting a root canal at the dentist. What they don’t realize is that much like a root canal, the pain eventually goes away, and you will ultimately end up in a better place when it’s over. Budgeting requires discipline and the desire to achieve a goal that will be beneficial for you and your family. This column is a basic framework to get you started.  

I am sure I don’t need to tell you that health-care costs are a major expense these days. Even though my wife and I are healthy, we have two active boys, and they get sick or hurt from time to time. 

It’s inevitable. Additionally, I am not getting any younger, and as I age, I may need more medical care. You might not want to believe it, but you may also be faced with more medical costs as you age.

A health saving account (HSA) is a tax-advantaged account that is used to pay for current and future health-care expenses. 

SM BeltLine Lantern Parade 9.9.17 Steve Eberhardt 4Crescendo, the month-long celebration of arts & culture on Hilton Head Island, is a regional event, organized in honor of October’s National Arts and Humanities Month, highlights and showcases the vast array of arts, culture, and history organizations, individual artists, performers, and authors residing and working in the Hilton Head/Bluffton area. Join the celebration and honor the importance of arts and culture in America and in our local community.