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Investing a Trust

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Trustees do not have an easy job. They are required to invest the assets of a Trust, not according to their own needs and investment goals, but according to the needs and investment goals of the Trust beneficiaries. In most states, how a Trustee should go about doing this is governed by the Uniform Prudent Investor Act, which embraces modern portfolio theory. The key component of modern portfolio theory is that the investment objectives and risk tolerance of the individual investor need to be … [Read more...] about Investing a Trust

Married Guardians

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Nominating a guardian for your minor children is not an easy task. You have to decide who you know that will be the best person to raise your children in your absence. Most people choose a married family member with a family of his or her own. There is nothing wrong with that. However, many people go about drafting the nomination poorly. What many people do is to state that they want the family member and his or her spouse to be guardians. They make it sound like a joint guardianship. This can … [Read more...] about Married Guardians

Texas History – Do You Know Which Texan Holds the Patent for Processing Condensed Milk in a Vacuum?

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Gail Borden Jr. sought a patent for processing condensed milk in a vacuum in 1853, but it was 1856 before he received British and American patents. When the Civil War brought intensified demand for such milk, his company experienced an upsurge in sales that assured success. Millions are indebted to this Texan for taking the "bite" out of their coffee. … [Read more...] about Texas History – Do You Know Which Texan Holds the Patent for Processing Condensed Milk in a Vacuum?

Famous Estates – Legacy Champ or Chump?

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Selena Quintanilla-Perez (1971-1995) - Singer, Songwriter & Dancer Selena Quintanilla-Perez, known as Selena, was an American singer, songwriter, fashion designer, and entrepreneur. At the age of twelve she released her first record with her Selena y Los Dinos band. At the 1987 Tejano Music Awards, Selena won Female Vocalist of the Year. She won the award eight consecutive times after that starting in 1989. Selena landed her first major recording contract with EMI Latin in 1989 and released … [Read more...] about Famous Estates – Legacy Champ or Chump?

A Strange Historical Fact

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American history is full of strange and mostly forgotten facts that we cannot believe to be true when we first hear about them. Yet, they are true. One such fact is that it was a mistake to designate money in a Will to be used to free slaves and appoint Thomas Jefferson as the Executor to carry out the task. That did happen and it was a mistake. Out of all of the founding fathers, Thomas Jefferson was probably the most opposed to slavery. He spoke out against it many times and often wrote … [Read more...] about A Strange Historical Fact

Texas History – Do You Know Which Texas Town was Nicknamed “The Town Without a Toothache?”

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The town of Hereford in Deaf Smith County won this title when it was discovered that the children there had far fewer cavities and other tooth defects than in any other region. A scientific study revealed that the town’s water and soil contained an exceptional amount of minerals, including natural fluoride. The phenomenon was written about in newspapers and magazines around the world. … [Read more...] about Texas History – Do You Know Which Texas Town was Nicknamed “The Town Without a Toothache?”