Business

Question: I want to set up a trust for my son but honestly I worry about how responsible he would be with the money. Are there any “safeguards” I can put in place to ensure the money would last?
Answer: Like most Americans with assets that they intend to leave to their heirs, you have worked hard to accumulate what you have. And while you can feel good about leaving your designated heirs with a financial legacy, you may have some reservations about their ability to use their inheritances wisely.

Area bankers had a uniform message about their predictions for the economy, especially the housing market.

They said things could be much worse and there are reasons to expect improvement in the future, but there won’t likely be much change in store for 2012.

Three local bankers gave their opinions about the state of the economy Monday while speaking to the Heart of Kentucky Association of Realtors at the Historic State Theater Complex in Elizabethtown.

Families looking for assistance for their children in school have a new tutoring option at their disposal.

The Hoviet Learning Center, a new program run by Thien Ho, has opened and will host tutoring sessions beginning in February.

Enrollment has opened for the center, which will operate in the St. James Loretto Center, the same location Ho operated a Kumon Learning Center locally for 15 years.

Question: Recently I was asked by my insurance agent on a scale of 1-10, what is the rating of my credit score. My reply: I have a good credit rating. But after thinking about it, what was the point of the question? 

Answer: Credit scores determine how much we spend or even how much we can save. They also determine what types of products you buy and how long those products may or may not last.