An intentionally defective grantor trust (IDGT) is a very interesting estate planning tool. It can be used to freeze certain assets for estate tax purposes, but not for income tax purposes. It is best used, for example, for a business that you own that is expected to...
In the aftermath of a divorce, updating your estate plan may not be at the forefront of your mind. You may still be distraught and emotionally and/or physically exhausted. However, many clients don’t realize what could result if they don’t update their...
There really is no set dollar amount before it makes sense for you to incorporate a revocable trust into your estate plan. Whether you are married or single, old or young, have a small or large estate, just about everyone can derive some benefit from a revocable...
If you happen to be a beneficiary of a trust and you feel the trustee is not acting appropriately by either not following the terms of the trust, or is taking advantage of his or her authority, there may be a way to get the trustee removed from his or her position....
A revocable living trust is a document that I can put together based on how you want to leave your estate. It is called a revocable living trust because you make the document when you are alive, you put your assets into it while you are alive and it can distribute...
Trusts are private documents. They are not filed anywhere and nothing is reported to any court of law when the trust is signed or when the grantor of the trust passes away. Your only option for finding out if you are named as a beneficiary in a trust is to determine...
