Irrevocable trusts offer nearly endless possibilities for high-net-worth individuals to reduce their estate taxes and protect ...

The primary purpose of an irrevocable trust is to remove the transferred assets from the grantor’s estate, which can provide ...

See below for links to the other articles in the series. Revocable trusts and irrevocable trusts are created through contracts in which a person is appointed as “trustee” to hold title to ...

The IRS issued Revenue Ruling 2023-2, which had a substantial impact on estate planning, particularly where an irrevocable ...

When deciding between a revocable vs. irrevocable trust, you'll need to consider your net worth and what type of tax shelter your heirs may need. It may be tempting to set up a will and consider ...

Investments in private markets are rapidly becoming an essential part of a well-rounded investment portfolio, especially for ...

A US court has ruled against Rupert Murdoch's bid to change his family trust to consolidate control of his media empire in the hands of his son Lachlan, the New York Times reports, citing a sealed ...

The rule, published at the end of March 2023, changes how the step-up in basis applies to assets held in an irrevocable trust. If you need help interpreting the IRS rule change or setting up your ...

Not all trusts age like fine wine. Family situations change, tax laws are updated, and an irrevocable trust created years ago ...

Nevada commissioner Edmund Gorman concluded in a decision filed on Saturday that Rupert Murdoch and his eldest son, Lachlan, who is the head of Fox News parent Fox Corp and News Corp, had acted in ...