Most people think of trusts as something that only the super-rich need: a mysterious legal trick to evade taxes (and rack up tons of attorneys' fees). In reality, trusts can be helpful for folks at ...
When you think of trust funds, you probably think of super wealthy people providing their kids with access to huge amounts of ...
Have you wondered why in the world there are so many types of trusts? Or what’s the difference between them all? Perhaps you have one, but really don’t understand why you have it and what it’s all ...
Trusts are estate-planning tools, and like other estate-planning structures (like foundations or life insurance), a trust's structure will determine how assets are controlled, whether they're ...
The last two months, I wrote about types of trusts and what they are used for. This month I continue that series as we explore more. » A Qualified Domestic Trust is a trust that may be used when a ...
An irrevocable trust, on the other hand, may be the better choice if your priority is reducing taxes and protecting assets.
We seem to use the word “trust” as though it refers to just one thing. Perhaps the problem is that the English language has just one such term. Fortunately, Charles Feltman, in The Thin Book of Trust ...
Depending on one’s personal situation, the choice between a grantor and non-grantor trust may be difficult and confusing to understand. After reading this article, someone making this decision will ...
Whether you’re looking to avoid probate, limit possible estate taxes or assume greater control over how your estate is distributed after you pass, there a number of benefits that adding a trust to ...
As the previous post noted, when determining if a trust or an estate should be considered as materially participating for Code Sec. 1411 purposes, the IRS’s position is that the only party whose ...
Trusts are estate-planning tools, and like other estate-planning structures (like foundations or life insurance), a trust's structure will determine how assets are controlled, whether they're ...