Learn the benefits and drawbacks of using trusts versus outright gifts when passing assets to your children or grandchildren.

The current tax landscape presents significant opportunities. On July 4, President Donald Trump signed the “One Big Beautiful ...

Although the money you save in a traditional individual retirement account (IRA) is often tax-deferred, the value of the IRA ...

Preserving generational wealth with trusts, life insurance and annual gifts are among key strategies for the current $84 trillion wealth transfer.

Revocable trusts can be changed as long as the trust creator — that would be you — is still alive. You retain control over the assets in the trust and can sell or dispose of them as you wish. The most ...

Marcus O'Toole-Gelo and Melissa Negrin-Wiener of Genser Dubow Genser & Cona discuss whether an irrevocable trust can be revoked and write: EPTL 7-1.9 provides a mechanism for the grantor of an ...

That means two things. First, you could legitimately move half the money into another account for your son, preferably with your husband's knowledge. Second, if you die before your husband, he will ...

• Accepting property that’s too hard to manage or unsellable. “Look at it before you accept,” Simasko said. “You may not want it.” Examples include large vacant lots in isolated areas and timeshares.

Should federal lawmakers be allowed to play the stock market given that they can have access to inside information?

Irrevocable trusts, however, cannot be changed after establishment. That means transferring assets to the trust is a one-way process. Once in, assets cannot be removed from an irrevocable trust.

Irrevocable trusts offer nearly endless possibilities for high-net-worth individuals to reduce their estate taxes and protect their assets.