Wiping Out A Trust Fund Through Litigation

When you deal with trust fund administration, there is a lot that can go wrong. The typical pitfalls are usually related to the fact that the beneficiary of the trust is not the one who made the money that got submitted into the trust as principal, meaning there is no indication that the person receiving the money has the sophistication to adequately manage financial affairs.

The other pitfalls typically relate to traditional agency issues—the person who makes investment selection and distribution decisions for the trust fund (the trustee) is not the same person that is actually receiving the money (the beneficiary) so problems can arise from this disunity of self-interest. The self-interest for the trustee is to keep as much money in the trust fund as is permissible, as most banks and trust fund administrators charge a certain percentage of the assets each year.

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The Horrible Math Of Being A Corn Farmer

I do not think you can make it as a small farmer in the United States anymore. I find it very sad that I have reached this conclusion, as I am ideologically sympathetic to the argument that producing food from the land is on the short list of fantastic human achievement you can accomplish in life.

But the profit per acre just isn’t there anymore.

I was looking at the recent University of Iowa estimates for the costs per acre associated with corn, and I can’t but reminisce about the old quip often applied to newspaper investing “What’s the best way to make a small fortune in this industry? Start with a large fortune.”

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How Bill Gates Built His Net Worth: Four Lessons

As one of the founders of Microsoft, Bill Gates was able to build his net worth from $0 to $100 million while he was in his 20s and 30s. That is part of his brilliance that is difficult to replicate. But since then, his net worth has grown from $100 million to $85 billion over the past three decades, almost exclusively through investment in the publicly traded stock market. I want to share with you four of the lessons I learned when studying how Bill Gates grew his fortune, with a particular emphasis on the structures and philosophies he followed later in life.

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How Eminem Built His Net Worth: Four Lessons

I was recently studying the story of how Eminem built up his $400-$600 million net worth, and I was struck by how various efforts throughout his career led to vastly different financial results. The things that made Eminem rich aren’t necessarily the things that you would guess made him rich, and this is also something I suspect Eminem knows given his launch of “Shady Productions” and repeated insistence to own the equity from his efforts during the later stages of his career. I wanted to share with you four of the insights I gained from studying the economic side of Eminem’s life.

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Stealth Wealth: Why You Don’t Notice America’s Millionaires

In the United States today, there are almost 11 million individuals with a net worth of $1,000,000 or more, excluding the value of their primary residence (the figure tops 20 million if you count primary home equity in the calculations). With a population slightly above 300 million, this means that one out of every twenty-five Americans is a millionaire. You might wonder then: Why doesn’t it feel like one out of every 25 people you encounter has that type of wealth?

The short answer is that they don’t want to be noticed, and the media doesn’t want to find them.

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