Charitable Remainder Trust Types: An Overview

Charitable Remainder Trust Types: An Overview

In philanthropy, charitable giving has long been a cornerstone. People enjoy making meaningful contributions to causes that are close to their hearts. For those who wish to support charitable organizations while also benefiting from tax advantages and income streams,...
A Guide to Irrevocable and Revocable Trusts

A Guide to Irrevocable and Revocable Trusts

Estate planning often involves the use of revocable and irrevocable trusts. Each has benefits and drawbacks depending on your goals. However, both trusts are legal arrangements to manage and distribute your property during your lifetime or afterward. The creator of a...
A Guide to Tax on Generation-Skipping Transfers

A Guide to Tax on Generation-Skipping Transfers

A tax imposed by the US government on transfers that skip a generation of heirs is known as a generation-skipping transfer (GST). Its primary design is to prevent wealthier individuals from avoiding estate and gift taxes by transferring large amounts of assets to...