Life insurance trusts, particularly irrevocable life insurance trusts (ILITs), can minimize estate taxes and protect your heir's inheritance.

Media titan Rupert Murdoch is in court in Nevada trying to do something you’re not supposed to be able to do: change an irrevocable trust. In the estate-planning world, an irrevocable trust is the ...

Do you employ an irrevocable trust or trusts as part of your estate plan? You need to review your irrevocable trust to ensure it still delivers the benefits intended. It is generally possible to ...

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 ...

Managing your taxes can be one of the most complex aspects of estate planning and a new IRS rule change continues that trend.

The Murdoch heirs are battling over control of their multi-billion-dollar media empire. Adding to the complexity, the fight involves an irrevocable trust which Rupert Murdoch created in 1999. He ...

Revocable trusts can be altered anytime but don't protect assets from estate taxes or creditors. Irrevocable trusts lock assets away, shielding them from taxes and legal claims. Irrevocable trusts do ...

Decanting is an invaluable tool for estate planners, as it can aid in modernizing a trust that no longer conforms to the intended wishes of the grantor, or contains stale trust provisions which would ...

For an irrevocable trust, flexibility may be possible, but it comes at a steep cost in time, effort and money.(Courtesy / Getty Images/iStockphoto) How do you spell “relief” in 2021? F-L-E-X-I-B-I-L-I ...

The estate planning process can be one of the most tedious and frustrating parts of developing a comprehensive financial plan. And, this can be particularly true for wealthy individuals. It... The ...