What options are there to minimize the tax burden of unneeded Required Minimum Distribution (RMDs)?

You should sit down with an attorney, CFA, or CPA to map out a strategy given your particular circumstances, goals and objectives. These planning...

You need to present the proper paperwork to Fidelity, which consists of an updated Certificate of Trust evidencing the identity of the current...

If a irrevocable trust is not to be included in estate the of the grantor, the grantor must have little control of

It is unclear to which tax return you are referring. Typically, in a non-grantor irrevocable trust, there is a 1041 tax return for the trust. ...

If Granter puts his share in llc in his own name what happens once grantor passes away. Does his share go to his childen

LLC Operating Agreements (OA) often direct the transferability of shares, and the ownership of shares upon death. If the Operating Agreement does...

My parents formed an irrevocable. Trust in 2003

Why don't you ask the attorney to explain what s/he means? That would seem a more direct manner of resolving the ambiguity than asking others what...

I have a Lawyer ready to finalize my will. She is trying to charge me $2250.00. That seems very steep to me. ???

Given that a trust is involved, the fee seems quite reasonable.

What a tragic scenario. It first depends upon the title to the real estate. The home title/deed may direct the distribution of the home (joint...

I need a lawyer to do a LLC and living trust,Does LLC protect my rental ?

No, the LLC does not protect your rental. An LLC will protect your other assets from any liability occasioned as a result of ownership of the...

Do I have a case for compensation in this real estate mess caused by the bank who sold me a home from a trust they managed?

It is unfortunate you did not buy an owner's policy of title insurance. If you had, the title insurance company would be responsible for now...

What documentation must a trustee provide to the beneficiaries concerning expenses the trust is paying?

Unless the trust is being administered through a probate court, most states require only a 90-day initial notification to beneficiaries, and an...