In all these cases, a testamentary trust can be a useful estate planning tool. What’s more, it makes it possible to leave assets to minor children who may not be able to legally possess or ...

Honor Flight Rochester Mission 83 flew 61 veterans to Washington, D.C. on Saturday to visit the memorials for the wars they ...

The Inheritance Act 1975 allows certain people to claim against a deceased’s estate for “reasonable financial provision”. ...

A “living trust” can be created during a grantor’s lifetime. A “testamentary trust” is established after death following directives in the decedent-grantor’s will. Living trusts ...

The Uniform Civil Code seeks "one nation, one law" to govern citizens' personal lives, but religious minorities fear hidden ...

You asked only about the home. If your brother and his wife own other community property assets, she would keep her half, and ...

There are two main types of third-party special needs trusts: standalone and testamentary. Standalone third-party SNTs are effective as soon as they’re created and eligible to hold assets from more ...

She works with individuals in all areas of estate and gift tax planning, from testamentary estate planning and business succession planning to sophisticated lifetime leveraged gifting techniques ...

She works with individuals in all areas of estate and gift tax planning, from testamentary estate planning and business succession planning to sophisticated lifetime leveraged gifting techniques ...

A good illustration of this point is found in Alfred I. DuPont Testamentary Trust v. Comm’r, 514 F.2d 917 (5th Cir. 1975). In that case, the taxpayer built a mansion on 300 acres of property ...

The bank is requiring letters testamentary in order for my mother to withdraw the funds. I’m almost certain the cost of filing for probate will cost more than the balance in the account.

For an irrevocable trust, the income tax applies if the trust is a testamentary trust of an Massachusetts decedent or a trust created by a Massachusetts resident and there is at least one trustee ...