Ep. 7 Do You Need a Trust? What are they? Feat. Liz Young the Owner of CommonPlace Reader

Send us Fan MailMadison and Mike discuss Trusts and some of their more common uses. Mike explains that a Trust is a legal document that can stand on its own or be part of someone's Will. People with children and  grandchildren as beneficiaries of their Will often use them to manage money and property for the younger generation.Liz Young, the owner of Commonplace Reader bookstore on Main Street in Yardley, explains that she sells fiction and non-fiction new books for adults, young adults, and children. She is originally from Massachusetts but moved to Yardley, Pennsylvania 30 years ago and considers it her home. Liz has always wanted to open a bookstore but had to focus on other needs, such as taking care of her family and financial needs. She worked for Johnson and Johnson in finance and learned from their global projects, which helped her later. Liz discusses the challenges of running a local independent bookstore due to the publishing industry and the small margin. She mentions the impact of the pandemic on her company's business.Liz's Socials:CommonPlace Reader: https://commonplace-reader.com/Experience Yardley: https://experienceyardley.com/