Question: I have an irrevocable trust. I would like to change how the real estate and cash in the trust is to be distributed. Some of my children could use the cash that is in the trust now. [...]

Question: If I place my home in an irrevocable trust with my children as beneficiaries what is the tax upon my death? Response: There is almost certainly no tax upon your death but a lot depends [...]

Question: My parents and sister bought a house together in January 2024 with the intent to live in it together. My parents own 2/3 of the property and my sister 1/3. My parents’ 2/3 of the [...]

Question: My mom and stepdad had a trust. After his death, mom wanted to be rid of the trust so we revoked it. My brother now claims (without a copy of the trust) that he is trustee and as my [...]

Question: I have an irrevocable trust and I am moving to Spain to retire. Can my trustee still pay me monthly income and remain my trust company? Response: Yes, that should be no problem. But [...]

Question: Do Trusts Have Reporting Requirements Under the CTA? Do I need to report my revocable trust and irrevocable trusts of which I am trustee to the government under the Corporate [...]

Question: My husband and I have SLATs set up. The only beneficiaries are our son and 2 grandsons. Our son lost his job and has been looking without luck for 4 months for a new one. He is very [...]

Question: Mother and daughter are joint tenants with right of survivorship in mother’s condo. If they want to transfer the condo to an irrevocable trust, but reserve a life estate to the [...]

Question: Must the trustee of an irrevocable trust with an EIN notify the IRS of the death of the primary beneficiary of the trust? Also, where interest on a CD is accumulating in the trust and [...]

Question: How is different income taxed in non-grantor trusts? For example, are capital gains taxed as income or at capital gains rates? Interest? Dividends? What is taxed and then considered [...]