Many families set up trusts to provide for family members in need of financial assistance or to further their own estate planning goals. Taxation of trusts can become extremely complicated, and the ...

A version of this article originally appeared in the Spring 2020 issue of Employee Relations Law Journal. A “rabbi trust” is so called because the first such trust was established by a Jewish ...

Trusts are ubiquitous in asset protection and estate planning. Regardless of a client’s wealth level, he should be using trusts to avoid problems such as a minor child inheriting money outright; ...

Time and again, CPAs and other accounting and tax professionals are faced with the unique income tax provisions related to trusts and estates. Aside from summarizing the general rules related to the ...

Estate taxes are often the central focus of an estate plan because they can prove to be the heaviest drag on a legacy. A common approach is to create trusts to capture and leverage an individual’s ...

On June 8, the North Carolina Supreme Court affirmed the Court of Appeals’ 2016 decision in the matter of the Kimberly Rice Kaestner 1992 Family Trust v. North Carolina Department of Revenue, ...

Angela Rayner, who was divorced in 2023, said she had agreed to a ‘nesting arrangement’ where the children remained in the family home (Aaron Chown/PA) (PA Wire) Trusts can offer people control and ...

The rules governing income taxes assessed on trusts and estates are quite distinct from other income tax provisions because they combine fiduciary accounting rules, some of which differ across ...

Depending on one’s personal situation, the choice between a grantor and non-grantor trust may be difficult and confusing to understand. After reading this article, someone making this decision will ...

Trusts can offer people control and protection but the taxation position can be “complex”, according to a wealth management expert. Angela Rayner faced mounting pressure after it emerged she failed to ...