Trust structures enable asset protection, smooth inter-generational transfer of wealth, consolidation of ... There are two types of trust structures: revocable and irrevocable.

Building wealth is a journey of dedication and strategic planning. However, ensuring that your hard-earned assets benefit ...

Discover how estate planning can prevent gentrification and preserve Black communities in Atlanta, a city witnessing rapid changes and displacement of its long-time residents.

Read on to learn how trust funds are reported to the Internal Revenue Service (IRS). Trust funds are legal entities primarily used in estate planning to transfer wealth to beneficiaries.

Also, a will could have more than one testamentary trust. Testamentary trusts can be helpful as a part of an overall wealth management ... Also, a living trust can be revocable, meaning the ...

In The Absence Of Planning, Unhappy Consequences Can Result • Conflicts and possibly even litigation between the remaining ...

While it’s a problem most of us would welcome, the sudden appearance of wealth can be life-altering ... Look into what type of trust this is — revocable or irrevocable — as this will impact ...

But if you know someone under 50 who’s living like ... calling “the Great Wealth Transfer”: the $124 trillion in assets that, over the next two decades, older generations will hand down ...

But when we set out to put faces to the generational wealth that sustains — and inflates ... Wire Money From China • The Social Worker Living in Her Grandparents’ Sprawling Apartment ...

Trust funds offer controlled asset transfer and can reduce estate tax liabilities. Revocable trusts can be ... A trust is a more flexible way of passing on wealth to heirs than a will.

“Generally speaking, if there is a beneficiary designation on a bank account, this overrides the estate plan, including the last will and testament and/or revocable living trust.” If there is ...