Q: If I create a revocable trust and put my financial assets in it, do I have to file a separate income tax return for the trust? Do I have to include my house and my auto in the trust? A: Some ...
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 for ...
Revocable trusts offer flexibility but less protections. Irrevocable trusts limit your control but provide more protections. Work with an expert to help you decide which is best for you. Which type of ...
When planning for the future, many people use trusts as a way to manage their assets, avoid probate, and protect their loved ones. But not all trusts are created equally. Determining which estate ...
My mother died and had a revocable trust established with funds invested in a brokerage account. After paying any debts we plan to dissolve the account and divide it between her four children. All of ...
A trust is a fiduciary arrangement that allows a third party -- the trustee -- to hold assets on behalf of beneficiaries, and lays out how and when those assets are to be distributed. They can be ...