Managing your taxes can be one of the most complex aspects of estate planning and a new IRS rule change continues that trend.

Estate planning is critical to preserving generational wealth. For many families, a living trust can streamline the process of transferring wealth after you die by eliminating probate and minimizing ...

An irrevocable trust is one of the most indispensable estate planning tools. It can be used to access certain government benefits, minimize estate taxes, and protect assets within the trust.

Grantors of Pennsylvania irrevocable trusts may now elect to pay the income taxes on the trusts' income under the recently signed Act 64 of 2023, provided that such trusts qualify as "grantor trusts" ...

A recent Chief Counsel Memorandum (CCM) issued by the Internal Revenue Service may have a chilling effect on modifications to all types of irrevocable trusts. CCM 202352018 addressed the gift tax ...

Generally, homeowners aren’t “stuck” with their current property just because it’s held in an irrevocable trust. The trust — ...

While both types of trusts have similar benefits like avoiding probate and reducing tax burdens, these trusts have nuances that must be seriously considered, as these can impact investors’ financial ...

When estate planning, it is critical to know who is the grantor of a trust, as it can significantly impact financial planning ...