The legal tool in question is called an irrevocable trust, and it's function mirrors what the name implies. An irrevocable trust can be (relatively) easily established, but it cannot be easily ...

Editor’s note: This is part six of an ongoing series about using trusts and LLCs in estate planning, asset protection and tax planning. The effectiveness of these powerful tools — especially ...

Irrevocable trusts are often designed to last for generations; however, situations occur where circumstances change, tax laws change or the terms of the trust simply become outdated, inappropriate ...

Estate planning is an integral part of financial planning for high-net-worth clients, and a critical component involves the use of trusts. The decision whether to choose a revocable or irrevocable ...

You may be able to qualify for government assistance with nursing home costs, even if you control substantial wealth if you ...

Opinions expressed by Forbes Contributors are their own. Matthew F. Erskine is a trusts and estates attorney. Puzzle house is divided into two equal parts by a lawyer in a divorce process.

but most all financial institutions will require it in order to open up a bank account within the irrevocable trust. However, if the new EIN is not obtained online before a certain date in ...