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Revocable vs. Irrevocable Trusts
Revocable trusts, as their name implies, can be altered after they’re established. With these trusts, you can add additional ...
Buffer ETFs to Consider for Protecting Gains and Limiting Losses
Detailed price information for Ishares Lithium Miners and Producers ETF (ILIT-Q) from The Globe and Mail including charting and trades.
If you want to help your kids bypass probate when you die, here are 5 assets to avoid putting in a living trust
He shares how the probate process caused tension between his siblings. He also harbored frustration over one unanswerable ...
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Using Life Insurance in Estate Planning | Finance Strategists
By setting up an Irrevocable Life Insurance Trust, life insurance proceeds can be excluded from the taxable estate, potentially reducing estate tax liability. Types of Life Insurance Policies for ...
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If you want to help your kids bypass probate when you die, here are 5 assets to avoid putting in a living trust
Life insurance. No need to put this in a revocable trust. Simply name your beneficiaries within the policy. Or, create an irrevocable life insurance trust (ILIT) to avoid estate taxes. If you’re ...
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It All Comes Out in the Wash: Regulatory Action on AI Washing Ramps Up
On June 11, 2024, the SEC charged Ilit Raz, CEO and founder of the AI ... and often difficult to understand, which can hinder trust. Explainability is essential for building trust, however there ...
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How to Avoid These Five Costly Tax Mistakes That Many Retirees Make
Other strategies to consider include an irrevocable life insurance trust, a grantor-retained annuity trust, an intentionally defective grantor trust and a qualified personal residential trust.
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After 20 years, my wife’s irrevocable trust account was locked when her trustee died. How can we access the funds?
Leonard’s wife, Kelly-Anne, has been receiving checks in an irrevocable trust for more than 20 years. When she was a teenager, her mother set up the trust, naming Kelly-Anne’s uncle as the ...
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When Hostilities Break Out Between Co-trustees, Where Does That Leave Trust Counsel?
When hostilities break out between individual co-trustees, incumbent trust counsel faces a representation conundrum. In §8.8 of Loring and Rounds: A Trustee’s Handbook (2025), see appendix ...