Media titan Rupert Murdoch is in court in Nevada trying to do something you’re not supposed to be able to do: change an ...

Talking with clients about the legacy they wish to leave behind is an essential part of my job as a financial advisor.

Who do you want to make decisions for you when you no longer can? This is an important question to consider. A power of ...

A pet trust designates a new guardian for companion animals and sets aside funds for their care. Better yet, it’s legally ...

Life insurance can be used to pay Uncle Sam and save big on the tax bill. Here's how it works.

Let's clear up the confusion among some trust makers and taxpayers over how grantor trust status affects the step-up in basis ...

The person who creates the trust is known as the grantor. A trust is overseen by a trustee. The trustee can be a person or a firm that manages the trust for the beneficiary. The beneficiary of the ...

A Grantor is the creator of a Trust, usually the owner of the property placed in the Trust; the Trustee manages the property, the beneficiary receives the income, principal or both. During the ...

To understand the use of a tax reimbursement clause you need to first understand what a grantor trust is and how it works. When a trust is characterized under the income tax laws as a “grantor ...

The price of silver opened at $31.78 per ounce, as of 9 a.m. ET. That’s up 2.79% from the previous day and up 32.81% year to ...

Silver traded at $32.13 per ounce as of 9 a.m. ET. That represents a decrease of 0.66% over the past 24 hours. Year to date, ...

The purpose of an irrevocable trust is to move the assets from the grantor's control and name to that of the beneficiary. This reduces the value of the grantor's estate in regard to estate taxes ...