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

Additionally, under certain circumstances, trust property may be included in a decedent’s estate for estate tax purposes. In this case, Federal Form 706 — United States Estate (and Generation-Skipping ...

Placing an investment account in a trust can help manage assets and streamline inheritance, but it also introduces specific ...

Jim Farmer is Managing Partner of Financial Strategies Group, a leader in the insurance industry providing clients with practical solutions. While these attempts have been unsuccessful so far, for ...

In Estate of Evans v. Dept. of Rev. (368 OR 430, July 29, 2021), the estate of Helene Evans appealed from the Oregon Tax Court’s determination that a qualified terminable interest property (QTIP) ...

In Frank Aragona Trust v. Comm’r, 142 T.C. No. 9, the Tax Court ruled in favor of the taxpayer, holding that a trust could and did materially participate in real estate rental activities, thus ...

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 ...

Transferring property into a trust is an estate planning decision that can affect taxes during your lifetime and beneficiaries later. The tax treatment depends on how the trust is structured and how ...

The IRS issued final regulations on the controversial question of which costs incurred by trust and estates are subject to the 2% floor on miscellaneous deductions under Sec. 67(a) (T.D. 9664). The ...

New FinCEN rules starting March 1 require reporting when residential real estate transfers to trusts or LLCs. Learn which transactions trigger filings.