Can Fixing a Trust Trigger a Gift Tax?
Families often want to change old trusts for good reasons. [...]
Directed Trusts: Why Dividing Trustee Duties Requires Careful Documentation
Modern trusts often divide responsibility among several people or institutions. [...]
Trust Situs and State Tax: Why Location Still Matters in Estate Planning
Many families assume that if they move to another state, [...]
Power of Substitution in a Trust: Why Equal Value Must Be Real
Many irrevocable grantor trusts include a power of substitution. This [...]
Grantor Trust Tax Reimbursement: Helpful Provision or Estate Tax Risk?
Some irrevocable trusts are intentionally designed so that the person [...]
Nonjudicial Settlement Agreements and Trusts: Why Family Agreement May Not Be Enough
Families often assume that if everyone agrees to change a [...]
Trust Decanting: How Some Old Trusts Can Be Updated
Trust decanting is one way an old irrevocable trust may [...]
Can You Change an Irrevocable Trust? What You Should Know
The word “irrevocable” makes many families assume that a trust [...]
Old Trust Tax Formulas: Why Your Estate Plan May Need an Update
Many older estate plans were drafted using old trust tax [...]
Why Old Trusts Should Be Reviewed Before They Create Problems
A trust does not stop aging just because it was [...]