What Beneficiaries Need to Know to Optimize Their Resources Trusts are commonly used wealth planning vehicles. Yet many ...

One might see references to a trust in publications or on television. This begs the question “What is a trust?” Merriam-Webster defines a trust as “property interest held by one person for the benefit ...

Generally, homeowners aren’t “stuck” with their current property just because it’s held in an irrevocable trust. The trust — not the individual — legally owns the home, so the trustees (in Lisa’s case ...

IRS says in a recent ruling that if you modify an irrevocable trust to add a tax reimbursement clause the beneficiaries will be deemed to have made a gift to the trust creator. In a recent Chief ...

While both types of trusts have similar benefits like avoiding probate and reducing tax burdens, these trusts have nuances that must be seriously considered, as these can impact investors’ financial ...

In this proceeding to compel a distribution from the Harriet Cooper Irrevocable Inter-Vivos Trust u/a/d April 20, 2009 (the “Harriet Trust”), respondent, Avrom R. Vann, Esq., as Trustee, moves herein ...