The remainder interest must be calculated assuming annual distribution amounts equal to the greater of 5% or the fixed percentage stated in the trust instrument. The IRS issued the annual inflation ...

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

Both taxes apply to trusts and estates with income in excess of $11,950 in 2013, in contrast to much higher thresholds for individuals. This new tax regime necessitates drafting wills and trusts to ...

One of the most effective ways to protect HNW estates is through the use of different types of trusts, which are legal entities that hold assets for the benefit of designated beneficiaries.

TurboTax is one of the more expensive online tax filing products, but its ease of use, integrations and human help options are noteworthy. Many, or all, of the products featured on this page are ...

No-contest clauses can be beneficial, but also albatrosses. The existence of a clause itself cannot prevent all challenges or always result in forfeiture when a challenge is asserted.

Canadian Lawyer’s Top Wills, Trusts, and Estate Law Boutiques 2023–24 report recognizes an esteemed group of firms that dominate their niche in the legal landscape. These legal leaders have secured ...

The authors discuss the elements and application of the "Dead Man's Statute" and offer practical guidance for practitioners to effectively employ the statute, as well as suggestions for potential ...

But the appreciated assets in the trust aren't subject to estate taxes. There are many more complicated types of trusts, too, that apply to specific situations. Some include: Credit shelter trusts ...

A trust company can help streamline things, as it can provide a range of investment, tax, and estate planning services for clients. Here's a high-level overview of how trust companies operate and ...

After law school, Adam and spent two years clerking for a U.S. District Co... Karen Davakis is a trusts and estates attorney with over ten years of experience in the industry. She specializes in ...

Opinions expressed by Forbes Contributors are their own. Matthew F. Erskine is a trusts and estates attorney. The Corporate Transparency Act (CTA) was established to tackle issues such as money ...