Anne, has been receiving checks in an irrevocable trust for more than 20 years. When she was a teenager, her mother set up ...

In California, trustees have a fiduciary duty to act impartially and in the interest of all beneficiaries. But what happens ...

also called an inter-vivos trust, is a written document in which an individual's assets are provided as a trust for the individual's use and benefit during their lifetime. A trustee is named when ...

Grantor The person who creates the trust and contributes assets to it ... amounts are either repaid to the state for services provided to the beneficiary or become property of the nonprofit ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert.

and we wanted them to understand that the trust means they will be provided for if anything happens to us. They now understand the importance of having assets. If you enjoyed this story ...

If the assets of an irrevocable grantor trust are not included in grantor’s gross estate ... does not apply. In its ruling, the IRS provided a fact pattern and concluded: “For property to receive a ...

select a trust type, choose a trustee and outline your beneficiaries, decide what assets to place, and complete the legal process for setting up your trust. A trust is a legal agreement that ...