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 ...

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 ...

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 ...

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 ...

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 ...