A trust is an important document in a comprehensive estate plan and allows someone to hold assets for the benefit of someone else. There are many kinds of trusts serving different planning functions.

Trust word written on wooden block. Building trust business concept. The recent Chief Counsel's Memorandum 202352018, issued by the IRS, has brought about a significant change in the treatment of ...

Clients who want their beneficiaries to avoid probate often place assets in trust. Many CPAs are reluctant to take on being a trustee, which is a time-consuming responsibility. An alternative is to be ...

Financial advisors often work with clients who hold or plan to leave assets in trust. But clients may be reluctant to commit to trust terms that may govern for generations in the face of changing laws ...

Revocable trusts can go by other names like living trusts, inter vivos trusts or even “loving” trusts, but their purpose is the same: to address the problems that traditional last wills and testaments ...

Decanting is a way to modify an otherwise irrevocable trust Decanting can change the trust beneficiaries’ interests An irrevocable trust is a frequently used estate planning tool that offers many ...