As a Trust Beneficiary, Am I Required to Pay Taxes?

Beneficiaries of a trust typically pay taxes on the distributions they receive from the trust's income, rather than the trust itself paying the tax. However, such beneficiaries are not subject to taxes on distributions from the trust's principal.

Can I Protect an Inheritance During Marriage?

An issue that frequently arises is the treatment of an inheritance received by a spouse during the marriage. The basic rule is that any property received via gift or inheritance during the marriage is exempt from equitable distribution.

Why Do I Need a Power of Attorney?

A power of attorney can be invaluable.

Should I Change Beneficiary Designations if I Get a Divorce?

There are a number of reasons you may want to update your beneficiary designations on your investment accounts. Divorce might be one of them.

What is a Special Needs Trust?

Special needs lawyers can work with clients to set up individualized special needs trusts.

Should I Use a Trust to Protect My Children’s Inheritance?

We have approximately $1.5 million in cash and investments, mostly in Certificates of Deposit (CDs). Our mortgage is paid and we have no debt. We have three adult children. Should we put out assets into a trust to better protect them for the future?

Why Should I Pair my Business Succession and Estate Planning?

Thinking of exit and estate planning in tandem, allows owners to ask relevant questions to bring their entire picture into focus.

Can I Protect My Daughter’s Inheritance from Her Loser Husband?

My daughter is getting married soon. What can I do to protect her inheritance after my death?

How Can Beneficiary Designations Wreck My Estate Plan?

Beneficiary designations are a crucial part of estate planning, yet they are often overlooked. Once you have signed your estate planning documents, you need to make sure that your beneficiary designations are consistent with the rest of your estate plan.

How Does the IRS Know if I Make Gifts To My Grandchildren?

Federal and state tax authorities have no direct way of knowing how much is being gifted. The system relies on taxpayers self-reporting gifts.