One of the most effective ways to protect HNW estates is through the use of different types of trusts, which are legal entities that hold assets for the benefit of designated beneficiaries.
Paying less in taxes sounds great. Everyone's ears light up when the thought of a legal (see: Tax evasion versus tax avoidance) and clever way to reduce their tax burden comes into casual ...
Over the years, I have recognized that much of the estate planning we do at my firm involves trusts. Trusts are valuable structures that allow you to maximize tax-planning opportunities within ...
Several different types of trusts are available to avoid these negative consequences. Each has advantages and disadvantages, causing them to fall in and out of favor with estate planners.
Trusts are common, but there are numerous variations, and there is still considerable confusion about what is legal and what is not. There are at least two primary types. One type is a common to ...
Bloom Productions / Getty Images A charitable remainder trust is a type of irrevocable trust that provides income for the donor or other beneficiary, allowing for the remaining assets to be ...
A general power of appointment, an estate trust, and a QTIP trust are three types of marital trusts. A couple with a martial trust allow their heirs to pay less in estate taxes and avoid probate ...