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 ...

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 ...

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 ...

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 ...

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

Wills and living trusts can serve the same purpose, but differently. Wills are generally simpler and less expensive than trusts. They are not mutually exclusive. You may want both. There's more than ...

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

Inheritance can be a double-edged sword when you are on a means-tested payment from the Department of Social Protection ...

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 ...

The will provides a clear legal framework for asset distribution post lifetime, while the trust acts as a long-term asset ...