Creating a trust as part of your estate plan is something you might consider if you'd like to ensure that your assets will be managed according to your wishes after you're gone. When you establish a ...

Some families learn too late that when it comes to inheritance, “equal” doesn’t always mean “identical.” In fact, a trust’s ...

When you think of trust funds, you probably think of super wealthy people providing their kids with access to huge amounts of ...

A recent real-life case demonstrated the importance of estate planners and trustees staying alert. Essentially, the founder’s (the estate planner) daughter reached maturity, and her new attorney ...

My brother left his 401(k) account to a trust, with my sister and I as the trust beneficiaries. She was older than he was, and I was two years younger. How quickly must we empty the trust? When a ...

Following our series on how to serve and protect yourself as a trustee for your family, it only makes sense to talk about the other side of the equation ─ being a beneficiary. Unlike trustees, who ...

A college "favor" is threatening to destroy a family relationship years after the fact. A 31-year-old woman shared on Reddit ...

It is a basic principle of the income tax that the gain or loss realized by a taxpayer from the conversion of property into cash, or from the exchange of property for other property that differs ...

Forbes contributors publish independent expert analyses and insights. Matthew F. Erskine is a trusts and estates attorney. This article is more than 2 years old. Top view of a family of four placing ...

As estate planning attorneys, we have had to answer that question many times. If the client has a tax-advantaged account, the answer may be “No!” What is a tax-advantaged account? A tax-advantaged ...

Lisa S. Presser, left, and Brian M. Balduzzi, right, of Faegre Drinker Biddle & Reath. Courtesy photos The Setting Every Community Up for Retirement Act of 2019 (the SECURE Act) changed the ...