For multimillionaire households, avoiding the estate tax is a significant issue. One tool that households can use to try to minimize their estate tax liability is the trust. However, it’s ...

I write about charitable giving and estate planning ideas. They can avoid state income tax ... one ING if you can have several!). But the IRS has come down harsh on whether non-grantor trusts ...

Estate planning is a topic that some people wish to avoid … at least until they have no choice. But early planning can ... One way to enjoy the benefits of trusts without the adverse tax ...

There are at least two primary types. One type ... file its own tax return. Transfers to an irrevocable trust can trigger gift taxes, but they can still save income, gift or estate taxes in ...

When facing estate planning decisions, it can ... one another such as income tax vs transfer tax or control and flexibility vs asset protection. Rather than looking for a pre-packaged trust ...

Irrevocable trusts can be made, so that the settlor no longer has to pay income taxes, but that they are paid by the trust, an irrevocable trust agreement has to be designed, drafted and implemented ...

But if you're more concerned about tax advantages, an irrevocable trust may be the better ... client than an attorney would." This can lead to significant savings through a proactive estate ...