Trust invites nonprofit and for-profit organizations providing preventative health care services to the indigent population ...

Fresh off of a big IPO, the fintech is applying for a national trust charter. Approval would help it avoid the time and ...

A Crummey Trust allows people to give gift-tax-free financial gifts to beneficiaries, retain some control over those gifts, and reduce their taxable estates, ...

Grantor trust rules are a set of IRS regulations that determine how income generated by a trust is taxed. Under these rules, the person who creates the trust, known as the grantor, ...

The trust agreement can be supplemented by a “letter of wishes” in which the grantors spell out their desires for the use of the funds. While these letters are not legally binding, trustees ...

An irrevocable life insurance trust (ILIT) helps minimize estate and gift taxes, provides creditor protection, and protects government benefits.

It can carry out the grantor’s wishes even after they’re gone . In an irrevocable life insurance trust, the trustee is empowered to distribute the assets according to the grantor’s wishes.

Many professional trustees will charge a percentage based upon the value of the estate per year, such as 1.0% or 1.2% of the value of trust assets, though perhaps a higher percentage for smaller ...

Separately, the AICPA sent a different letter on Feb. 5 to the Treasury and the IRS asking for guidance about international information reporting for domestic grantor trusts. The AICPA wants them to ...

Analysis Why New York Attorneys Should Consider Inter Vivos Trusts in Estate Planning Sadly, over the years, there have been many developments that have adversely impacted upon the ability to ...