A Crummey Trust allows people to give gift-tax-free financial gifts to beneficiaries, retain some control over those gifts, and reduce their taxable estates, ...

In private letter ruling (PLR) 202136004 released on September 10, 2021, ... The issue then becomes whether naming the trust as beneficiary was the right thing to do in this case.

Woodbridge Liquidation Trust is a Delaware statutory trust that, together with its wholly-owned subsidiary Woodbridge Wind-Down Entity LLC, was formed on February 15, 2019 to implement the terms ...

An exception to beneficiary limited liability has been when trust terms vest in beneficiary power to control trust’s administration and disposition, e.g., revocable inter vivos trust or nominee ...

Here’s a question I get at least once a week: “I’m dealing with a trust that holds an inherited IRA. Can the trustee transfer that IRA out to the individual beneficiary(ies) of the trust ...

Trustee vs. Beneficiary Rights and Responsibilities. A trust is a legal arrangement in which one person, called a grantor, transfers the management of assets to someone else.That someone else is ...

Trustee vs. Beneficiary Rights and Responsibilities. A trust is a legal arrangement in which one person, called a grantor, transfers the management of assets to someone else.That someone else is ...

For example, if a trust receives $10,000 of dividend income in one year and distributes that income to the beneficiaries, it is the beneficiaries, rather than the trust, who will pay tax on that ...

Trust beneficiaries usually pay taxes on distributions from a trust's income but not on distributions of the principal. Beneficiaries receive a K-1 tax form with details.

Being named a beneficiary of a trust can be a welcome event, but it can also come with questions and concerns. Beneficiaries can feel that they are at the mercy of the trustee.