A family trust can be a powerful tool—but it’s not right for everyone.

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 ...

Since the beneficiaries’ shares in the trust are ascertainable, the trust qualifies as a specific trust. Moreover, as your father irrevocably settled the property into the trust, it is classified as a ...

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 ...

For this, my final Morningstar column, I’m tackling a topic not covered in any of the 244 previous columns: fiduciary income taxes. What must financial advisors, estate planners, and trust ...

Readers of my column know I emphasize the importance of naming beneficiaries for every IRA account. Many ask under what ...