Learn how trust beneficiaries gain asset rights, their roles, and how trusts optimize estate planning and minimize gift and ...

Most trusts are revocable trusts. However, there are a few scenarios where an irrevocable trust is necessary. For example, some people choose an irrevocable trust when they have a large estate that ...

Editor’s note: This is part 16 — and the final article — of a series about the fundamental principles of using trusts and LLCs in estate planning, asset protection and tax planning. The effectiveness ...

A trust can help minimize your taxes, protect your assets and spare your beneficiaries the hassle of probate court in the wake of your passing. A living, or revocable, trust can still have changes ...

Leonard’s wife, Kelly-Anne, has been receiving checks in an irrevocable trust for more than 20 years. When she was a teenager, her mother set up the trust, naming Kelly-Anne’s uncle as the trustee.

Many clients and even other professionals are unaware that an irrevocable bypass trust, or funded B trusts, can be corrected to prevent higher ordinary income tax during the surviving spouse’s ...

Trust planning is a good way to avoid probate and to protect assets, but all trusts do not serve the same purpose. The ...

Rupert Murdoch is in court to test the boundaries of changing permanent estate plans Media titan Rupert Murdoch is in court in Nevada trying to do something you're not supposed to be able to do: ...

Media titan Rupert Murdoch is in court in Nevada trying to do something you’re not supposed to be able to do: change an irrevocable trust. In the estate-planning world, an irrevocable trust is the ...

New Jersey does not have a statute authorizing the decanting of trusts, but a "common-law decanting" can be accomplished thanks to the Wiedenmayer case. For tax and nontax reasons, estate planning ...