A spendthrift clause in an estate plan can protect an inheritance from a financially irresponsible child's debts and poor ...

The IRS issued Revenue Ruling 2023-2, which had a substantial impact on estate planning, particularly where an irrevocable ...

One of the main reasons I work hard and try to generate wealth is to be able to pass it on to my loved ones when I'm no longer with them. I know I'm not alone in this sentiment, either. Countless ...

They avoid probate and are private. Consult an expert to determine if it's right for you. Efficiency, privacy, flexibility are positive attributes for this wealth-passing strategy. This article is ...

Fraudulent schemes are being misused, offer no real protection and can trigger unintended legal and tax consequences, lawyers ...

A Beneficiary Defective Inheritor’s Trust, also known as a “BDIT,” is a specific type of estate planning trust. The purpose is to allow an individual who has a federal estate tax problem to maintain ...

Writer Kelly Burch was always too embarrassed to ask if she needed a trust for her kids since she's not super wealthy.

Putting assets into trust can offer many benefits, for example to reduce your inheritance tax bill or to create a legacy for loved ones.

The probate process can be lengthy and costly. A living trust allows you to set stipulations before beneficiaries can receive an inheritance. Living trusts are revocable, meaning they can be changed ...

This article is intended for educational purposes only and is not legal advice. For guidance on your personal situation, please contact a lawyer. Estate planning is one of the hardest things you might ...