These common estate planning errors can undermine even the best strategies, from unfunded trusts to wrong trustees and ...

Creating a trust as part of your estate plan is something you might consider if you'd like to ensure that your assets will be managed according to your wishes after you're gone. When you establish a ...

When someone passes away and their property is not in a trust, these assets must typically go through probate. Probate is a ...

The key difference between a grantor trust and a non-grantor trust is how taxes are handled. In a grantor trust, the person ...

On January 12, 2023, the Michigan Court of Appeals issued its decision in In re Claeys Revocable Living Trust, 2023 Westlaw 175242, No 360054 (Mich Ct App Jan 12 2023), which considered whether a ...

Encourage voluntary management. The beneficiary may agree to have funds invested and drawn down over time under a separate ...

Should you name your living trust as the beneficiary of your life insurance policy? Is it better to name specific individuals as direct beneficiaries? This decision can have significant implications ...

Establishing a trust as part of your financial plan is something you might consider if you have extensive assets or simply want a measure of control over how those assets are managed after you're gone ...

It is a basic principle of the income tax that the gain or loss realized by a taxpayer from the conversion of property into cash, or from the exchange of property for other property that differs ...

Three essential features to consider when designing your trust for Millennial beneficiaries. Does your estate plan benefit Millennials? Are you leaving assets in trust for your Millennial ...

Life insurance trusts, particularly irrevocable life insurance trusts (ILITs), can minimize estate taxes and protect your ...

Matthew Perry’s half-siblings were named as the trust beneficiaries in the actor’s last will and testament, which was filed five months after his October 2023 death. “All my personal and household ...