A: Some lawyers recommend that you use your Social Security number for a revocable trust, while other lawyers suggest that ...

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

Editor’s note: This is part seven of an ongoing series about using trusts and LLCs in estate planning, asset protection and tax planning. The effectiveness of these powerful tools — especially for ...

In the last few decades, more and more U.S. families have been utilizing irrevocable trusts as part of their estate planning in order to protect their assets and manage their taxes in an efficient ...

The estate tax exemption amount gets a lot of press, but that isn’t the tax provision most folks need to be aware of in estate planning. In 2024, the estate tax exemption — the amount anyone can pass ...

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 ...

Estate taxes are a form of transfer tax that affects the very wealthy. For multimillionaire households, avoiding the estate tax is a significant issue. One tool that households can use to try to ...

In a private annuity sale, you transfer a highly appreciated asset to an irrevocable trust in exchange for a lifetime annuity ...

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There are 5 times you may want to name your trust as an IRA beneficiary. Is most other scenarios this could be a huge estate ...