Inflation measured nationally is a little higher than the long term expectation of 3%. It’s almost always present and it is normal for it to rise and lower over time. Interest rate hikes are being implemented starting March 16, 2022, as a normal process to dampen inflation.
How to Fund a Trust & Advice on How to Implement and Maintain a Trust
As with many topics in the financial planning space - estate planning is often misunderstood and not managed well. Many attorneys are great about creating and getting paid for the initial legal work - but most are not willing to hold you accountable to fund, maintain and update the trust over time. Often the attorneys themselves have no business succession planning to make sure you’re taken care of if something happens to them. If those tasks are not done, or the attorney has no succession planning in place, the trust may not do what you wanted at the time it is most needed!