When it comes to estate planning, families often wonder whether it's better to leave behind a trust fund or a traditional ...

Life insurance trusts, particularly irrevocable life insurance trusts (ILITs), can minimize estate taxes and protect your ...

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 ...

An irrevocable trust, on the other hand, may be the better choice if your priority is reducing taxes and protecting assets. By transferring assets into an irrevocable trust, you remove them from your ...

Three financial experts explain prenups, postnups, stealth prenups, and why you should talk to an attorney before using ...

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 ...

A child's marriage can be one of the most hopeful and joyous occasions for a parent. Marriage can signify to a parent the official end of childhood and the start of adulthood where a mature child has ...

A living trust allows you to avoid the probate process. Unlike a will, the public record doesn't include information about a living trust. Living trusts can be changed or revoked entirely while you're ...

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 ...