The trust spendthrift clause has been an important line of defense providing asset protection for third-party discretionary irrevocable trusts. Generally, the spendthrift clause prevents the ...

The typical enforceable trust spendthrift provision forecloses assignment and attachment of the equitable property interests that are incident to the particular trust relationship. Assume an ...

In the complex world of estate planning, irrevocable trusts offer a robust mechanism for protecting assets from various threats, including bankruptcy and divorce. This article delves into the specific ...

Learn about asset protection trusts. Find out its definition, how it works, its types, its advantages and disadvantages, and ...

My clients often want to protect their legacy from their own children’s poor planning or misfortune. A trust offers protections many beneficiaries cannot obtain for themselves from creditor claims, ...

Dear Liz: What is the difference between a revocable trust and an irrevocable trust? Which one is better? I am a widow with two sons who will inherit my estate. My net worth is $1.4 million, including ...

Created to own and control, a life insurance policy for while the insured person is alive, an irrevocable life insurance trust (ILIT) is a sometimes recommended by estate and planners. ILITs also ...

Rupert Murdoch is in court to test the boundaries of changing permanent estate plans Media titan Rupert Murdoch is in court in Nevada trying to do something you're not supposed to be able to do: ...