An irrevocable trust, on the other hand, may be the better choice if your priority is reducing taxes and protecting assets.

Christy Bieber has a JD from UCLA School of Law and began her career as a college instructor and textbook author. She has been writing full time for over a decade with a focus on making financial and ...

When it comes to estate planning, families often wonder whether it's better to leave behind a trust fund or a traditional ...

When you think of trust funds, you probably think of super wealthy people providing their kids with access to huge amounts of ...

Related: What Is a Trust Fund and How Do They Work? What types of living trusts are available? There are several types of living trusts, each with unique features and benefits. However, the two main ...

Trusts serve a variety of tax, asset protection and estate planning purposes for families, and over the years different types of trusts have evolved to best serve families’ planning needs and ...

Jordan Tarver has spent seven years covering mortgage, personal loan and business loan content for leading financial publications such as Forbes Advisor. He blends knowledge from his bachelor's degree ...

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 ...

Trusts are an essential financial planning tool that CPAs should consider for clients with even a modest amount of wealth. By having a thorough understanding of common uses for trusts, practitioners ...

We seem to use the word “trust” as though it refers to just one thing. Perhaps the problem is that the English language has just one such term. Fortunately, Charles Feltman, in The Thin Book of Trust ...