A trust is a legal agreement that entitles a third party, or trustee, to hold assets on behalf of other parties, or beneficiaries. Small businesses can use corporate trust agreements to manage funds ...

In Kelly v. Giuliano, CL-2020-0007479, (Va. Cir. Ct. Sept. 21, 2020), the Fairfax County City Court ruled that a trust isn’t a contract, and therefore, an arbitration provision contained in a trust ...

In his Elder Law column, Daniel G. Fish writes: For the client who is considering a transfer to a trust of property that is encumbered with a loan secured by a lien, great care must be exercised at ...

As the owner of a small business, you may encounter a trust agreement, or instrument, that includes the term "UDT" or, more commonly, "U/D/T." A trust is a legal arrangement in which a person controls ...

In Private Letter Ruling 201707008 (released Feb. 17, 2017), the Internal Revenue Service ruled that a wife wouldn’t recognize gain or loss from her husband’s transfer of property to a trust for her ...

In the area of estate planning, the use of trusts has become so commonplace that most all estate plans utilize a trust in some manner. There are a wide variety of trusts in which practitioners utilize ...

Most people should consider having one or more trusts in their estate plans. To make decisions about trusts you must be aware of trust terminology and basic concepts about the most common types of ...