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

Trusts fall into one of two main categories. The first category is composed of those that are established while the grantor (one who establishes the trust) is alive, and are termed living trusts. A ...

A trust can help minimize your taxes, protect your assets and spare your beneficiaries the hassle of probate court in the wake of your passing. A living, or revocable, trust can still have changes ...

Trust planning is a good way to avoid probate and to protect assets, but all trusts do not serve the same purpose. The easiest place to begin to understand trust ...

Trusts fall into one of two main categories. The first category is composed of those that are established while the grantor (one who establishes the trust) is alive and are termed inter vivos (while ...

Putting your assets in a trust is a common procedure that comes with many benefits. The type of trust in which you choose to place your assets should be determined by a variety of factors, including ...

As a financial advisor, you will have clients who are doctors, lawyers, accountants, or real estate agents. There are the top four professions that attract lawsuits when they make costly mistakes. If ...

Charitable lead trusts (CLTs) and charitable remainder trusts (CRTs) are two types of charitable trusts that could benefit your financial plans for your estate. They provide tax-advantaged income to ...