Question: I’m going to make a gift to my daughter (over the current Federal annual gift tax exclusion amount). Is this considered a direct gift or a direct skip when I report the gift on my [...]

Question: The beneficiaries want our trustee to petition the probate court to dissolve an irrevocable trust in Texas because we believe it has served it purpose. The trustee would agree. I read [...]

Question: I made a family mortgage loan to my son under my revocable trust. Recently, I amended the mortgage interest rate as market rates fell. I am told that I need to file Form 709 if the [...]