For estate owners who have heirs with disabilities, providing financial support is paramount. A special-needs trust can help protect vulnerable family members without affecting government benefits.
Qualified Personal Residential Trusts (QPRTs) can be effective estate planning tools that may help you pay fewer gift and estate taxes when passing on a house to your heirs.
Despite its over-the-top plots and characters, the popular drama exposes the consequences of poor business-succession planning. Here's what you can learn.
Lack of communication could be detrimental not only to a family's harmony but also its ability to preserve wealth across generations. Creating a mission statement can help.
Probate court can help ensure a fair distribution of your assets, but it can be time-consuming and could compromise your family's privacy. Here's what you should know.
Popular for helping to eliminate state taxes on certain assets, incomplete non-grantor (ING) trusts have come under scrutiny by the IRS and certain states' taxing authorities.