Trusts are frequently included in estate plans for several reasons, key among them being a desire to simplify the settlement of a decedent's estate and avoid probate, an often lengthy and possibly ...

Trusts generally allow for the planned, controlled, and tax-efficient distribution of wealth to individual and charitable beneficiaries. As estate planners, we spend much of our time discussing the ...

There are useful tools available to advisors and investors when it comes to estate planning. One of the tools that stands out is the irrevocable life insurance trust (ILIT). This is a form of ...

Learning the differences between revocable and irrevocable trusts can help you strengthen your estate plans. Many, or all, of the products featured on this page are from our advertising partners who ...

An irrevocable trust is one of the most indispensable estate planning tools. It can be used to access certain government benefits, minimize estate taxes, and protect assets within the trust.

A. Let’s go over how trusts work. A trust can be revocable or irrevocable. A revocable trust is a living trust that is established pursuant to a written agreement between the person creating the trust ...

Paying for a nursing home can seriously deplete your retirement savings. The government-funded Medicaid program can pay some ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Marguerita is a Certified Financial Planner (CFP), Chartered Retirement Planning Counselor ...