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

Tony Bennett's daughters Antonia and Johanna have filed a new motion against their brother Danny, who is the sole trustee of ...

Fiduciary duty obligates a professional to act in the client’s best interests. This can apply to financial advisors, ...

A special needs trust (SNT) and an Achieving a Better Life Experience (ABLE) account each provide a tax-free way for people ...

Recently (it was probably a bad weather day), I found myself leafing through parts of the Colorado Revised Statutes dealing with fiduciaries. I came upon a statute called the Uniform Prudent ...

Tony Bennett’s daughters are accusing their brother of mismanaging the late singer’s finances for several years ...

They allege that Danny continued to “make gifts to himself and his children with Family Trust assets,” including nearly $2.6 ...

A will may be suitable for simple estates with straightforward asset distribution needs while a private family trust is ideal ...

In fact, the beneficiary may be an irrevocable trust since revocable trusts in fact almost always become irrevocable upon the death of the grantor. (This sometimes creates confusion since the title of ...

A trust is a legal arrangement created to hold and manage assets on behalf of someone else, known as the beneficiary. The trustee is the person or entity responsible for managing trust assets.

or entity that you choose to act as successor trustee will have substantial responsibilities that can have a material effect on the operation of your trust and the welfare of your beneficiaries.