Making arrangements for the possibility of future mental incapacity is just as important as making a will or planning for ...
The author writes "Regardless of recent challenges by local Department of Social Services offices, the Medicaid Asset ...
The rapidly growing cryptocurrency industry has coincided with an increasing availability of crypto-linked ETFs.
Irrevocable trusts offer nearly endless possibilities for high-net-worth individuals to reduce their estate taxes and protect ...
To understand the use of a tax reimbursement clause you need to first understand what a grantor trust is and how it works. When a trust is characterized under the income tax laws as a “grantor ...
Often, the answer is an IDGT. An intentionally defective grantor trust, or IDGT, is not merely one of the most amusing terms in personal finance, but also a powerful tool for legally transferring ...
A grantor creates and transfers assets to a trust, which legally holds them until they’re ready to be distributed. The grantor names a trustee to manage and administer trust property and ...
Betsie Van der Meer / Getty Images A blind trust is a type of living trust where the grantor and beneficiary relinquish control and knowledge of the assets placed within the trust. Instead ...
The current Congress is mulling making major changes to grantor trust rules. These changes would likely make future grantor trusts have little or no estate or gift tax value. But most everyone ...
you’ll need to draft a trust document, either on your own or with the help of an estate lawyer, that lays out the grantor, trustee, beneficiaries, and assets. Then you sign and notarize the ...
This webinar explores potential tax law changes and offers tax-saving strategies for 2024. Retirement planning, estate ...
Image source: Getty Images. The grantor can amend the trust in any way at any time without anyone else's permission. The grantor can continue to use and earn income from trust assets until they ...