How Are Trusts Taxed? - A trust can be a powerful estate-planning tool, but contrary to popular belief, trusts do not make all taxes disappear. The families who set them up still need to consider tax consequences. To start with, trust beneficiaries typically need to pay tax on the interest income …
Trusts
A Quick Introduction to Trusts
A Quick Introduction to Trusts - You may be thinking of creating a trust to help manage your assets — or maybe you don't even know how a trust could help. Here is a basic overview of trusts: A trust is created by you, the grantor. You write the rules governing how the trust will operate — what it …
Review Your Trusts: The When and the How
Review Your Trusts: The When and the How - Common assets placed into a trust include your home, bank accounts and stocks. With a revocable trust, you name yourself as the trustee to remain in control of your assets. When you die, your trust becomes irrevocable and is transferred to a designated …
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Don’t Make These Trust Errors
Trusts can be used as an asset protection tool and to help your beneficiaries avoid the cost and expense of probate. Trusts transfer legal ownership of assets to a trustee. The property is deeded in the name of the trust and the trustee is tasked with administering it as the grantor specifies. There …
It’s Time To Revisit Your Estate Plan
The physical and financial health challenges caused by the COVID-19 pandemic gave us time to rethink our priorities and expectations. Now we know: it's time to revisit your estate plan. Estate planning is one area that has received a lot of attention, and for good reason. Before you contact …
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