In Central New York, families planning for the future are increasingly turning to irrevocable trusts to secure their ...

An irrevocable trust is an essential tool in the kit of most estate planners, not only for sheltering assets from future estate tax, but for protection from potential creditors and lawsuits. Depending ...

Do you employ an irrevocable trust or trusts as part of your estate plan? You need to review your irrevocable trust to ensure it still delivers the benefits intended. It is generally possible to ...

What began as a high-asset marital dissolution between John and Laura Overdeck has transformed into a wide-ranging challenge to modern trust ...

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

Managing your taxes can be one of the most complex aspects of estate planning and a new IRS rule change continues that trend.

Editor’s note: This is part four of an ongoing series about using trusts and LLCs in estate planning, asset protection and tax planning. The effectiveness of these powerful tools — especially for ...

There are useful tools available to advisors and investors when it comes to estate planning. One of the tools that stands out is the irrevocable life insurance trust (ILIT). This is a form of ...

Irrevocable trusts are often designed to last for generations; however, situations occur where circumstances change, tax laws change or the terms of the trust simply become outdated, inappropriate or ...

Revocable trusts can be altered anytime but don't protect assets from estate taxes or creditors. Irrevocable trusts lock assets away, shielding them from taxes and legal claims. Irrevocable trusts do ...

For an irrevocable trust, flexibility may be possible, but it comes at a steep cost in time, effort and money.(Courtesy / Getty Images/iStockphoto) How do you spell “relief” in 2021? F-L-E-X-I-B-I-L-I ...