Editor’s note: This is part four of an ongoing series about using trusts and LLCs in estate planning, asset protection and tax planning. The effectiveness of these powerful tools — especially ...

Reverse mortgages allow people ages 62 and older to tap a portion of their home equity without selling the home. Irrevocable ...

The primary purpose of an irrevocable trust is to remove the transferred assets from the grantor’s estate, which can provide ...

Editor’s note: This is part six of an ongoing series about using trusts and LLCs in estate planning, asset protection and tax planning. The effectiveness of these powerful tools — especially ...

An irrevocable trust is definitive once established ... the assets need to be retitled in the name of the trust." An advisor should stay on top of the process to avoid missteps.

An irrevocable trust takes away your control of your assets ... Revocable trusts, as the name implies, can be altered or canceled the creator (grantor) of the trust at any time up until the ...

Among other gifts, the wife's mother settled and funded an irrevocable trust, of which the wife is the sole beneficiary. The irrevocable trust is governed by Michigan law, which the Massachusetts ...

One asset protection strategy is an irrevocable life insurance trust, or ILIT. Here's what to know about this financial product. "An irrevocable life insurance trust is a type of trust that is ...

The rule, published at the end of March 2023, changes how the step-up in basis applies to assets held in an irrevocable trust. If you need help interpreting the IRS rule change or setting up your ...