An irrevocable trust, on the other hand, may be the better choice if your priority is reducing taxes and protecting assets.

They avoid probate and are private. Consult an expert to determine if it's right for you. Efficiency, privacy, flexibility are positive attributes for this wealth-passing strategy. This article is ...

One of the main reasons I work hard and try to generate wealth is to be able to pass it on to my loved ones when I'm no longer with them. I know I'm not alone in this sentiment, either. Countless ...

Attorney Dennis Beaver explains why a “spendthrift clause” might be appropriate for some people planning their estates.

A Beneficiary Defective Inheritor’s Trust, also known as a “BDIT,” is a specific type of estate planning trust. The purpose is to allow an individual who has a federal estate tax problem to maintain ...

Trusts can be a tool to cut inheritance tax - but a reader wants to know if they can use several at the same time ...

Government plans to make inheritance tax due on pensions, plus other changes to IHT rules, have seen a leap in people enquiring about the use of trusts to protect their wealth. So what are trusts, and ...

This article is intended for educational purposes only and is not legal advice. For guidance on your personal situation, please contact a lawyer. Estate planning is one of the hardest things you might ...

A living trust allows you to avoid probate, which can be lengthy and expensive. Details of a will are part of the public record, while a living trust offers privacy. A living trust is also known as a ...