When does a trust’s situs, also known as principal place of administration, move? What is enough to trigger a move? Should a trustee be concerned about their trust’s situs? These are all great ...

Trust word written on wooden block. Building trust business concept. The recent Chief Counsel's Memorandum 202352018, issued by the IRS, has brought about a significant change in the treatment of ...

In Chief Counsel Advice 202352018 (Dec. 29, 2023) (the CCA), the Internal Revenue Service concluded that the beneficiaries of an intentionally defective grantor trust (IDGT) made a taxable gift for ...

Insurance Trust Monitor is a web-based service that allows irrevocable life insurance trust (ILIT) trustees to outsource the review, analysis, management and administration of ILITs and policies held ...

Clients who want their beneficiaries to avoid probate often place assets in trust. Many CPAs are reluctant to take on being a trustee, which is a time-consuming responsibility. An alternative is to be ...

Trusts are not exclusive to the ultra wealthy. In New Hampshire and elsewhere, they are practical tools used by families of all sizes to manage assets, protect beneficiaries, and preserve wealth over ...

* This is a contributed article. The IBTimes news staff was not involved in the creation of this article and this content does not necessarily represent the views of IBTimes. When you buy through ...