Divorce Advice for Men | Fathers Rights Divorce | Child Custody

There is a lot of misunderstanding about trusts.

Financial adviser Dan Danford, CFP®, CRSP®, MBA, answers this question from a DadsDivorce.com reader about bank CDs and trust accounts:

"How do I purchase bank CDs and make sure they are protected in my trust account? I purchased one already, thinking that because I used trust fund money to buy it, it would be held in the trust. It isn't and I don't want to make the same mistake twice. Also, is there a way that I can move the existing CD into the trust without penalty?"

With much of the world experiencing a financial crisis, what has backed the money for all these years?

Financial adviser Dan Danford explains what is backing our currency, the currency of other nations, and why it all doesn't just fall apart when countries face perilous economic issues.

Danford, CFP®, CRSP®, MBA, also addresses why monetary and fiscal policies were created to help in times of a financial crisis.

Now is a great time to refinance and consolidate debt since interest rates are so law. But there are dangers involved.

Financial adviser Dan Danford explains why many debtors seek the debt consolidation route in order to pay off several debts by taking on just one new - albeit large - debt.

Danford, CFP®, CRSP®, MBA, also addresses how debt consolidation can negatively affect your credit score.

A popular way to eliminate debt is through the "debt snowball"; a suggestion that you pay off your smallest debt first instead of focusing on paying off the one with the highest interest.

Financial adviser Dan Danford espouses Dave Ramsey's motto of paying off the smallest debt first, then move on to the next smallest debt.

Danford, CFP®, CRSP®, MBA, says this method combines the financial need to eliminate debt with the psychological need to find an easier way to do so.

Watch the financial advice video for tips on how to eliminate debt.

When answering the financial question, "Do you have a list of New Year's financial resolutions you think all people should undertake as we approach 2012?" financial adviser Dan Danford has a slightly different way of looking at financial resolutions.

Danford, CFP®, CRSP®, MBA, says any New Year's resolutions should be about an attitude shift and an understanding of a new way to look at money.

Watch the financial advice video for information on how to enhance the quality of your life.