One of the most common questions clients ask is whether they need a trust. While they are usually seeking a “yes” or “no” answer, as with most legal questions, the correct answer usually is, “It ...

Trusts are vehicles that can assist in the preservation of wealth and property for future generations, protect assets, or carry out a charitable purpose. A trust is an entity created and governed ...

In simplest terms, a trust is a set of rules that govern the ownership and use of assets. Generally, as long as a rule is lawful (i.e. not sexist or racist), that rule can be included in a trust.

Written by Alexander J. Chaudhry, as originally published in The Reverse Review. Due to the expense and complexity of probate and the uncertainty surrounding death taxes, many senior citizens are ...

Estate planning is a complicated matter for everyone. According to a YouGov study, 76% of Americans recognize how essential estate planning is, yet only 4 in 10 respondents have a plan in place. In ...

Everyone has heard the terms “will” and “trust,” but not everyone knows the differences between the two. Wills and trusts are important tools of estate planning. Each has strengths and limitations.

When your client has a significant amount of assets or an estate of significant value, passing these on to their heirs without paying hefty taxes can pose a problem. A possible solution to this is to ...

Trusts are estate-planning tools, and like other estate-planning structures (like foundations or life insurance), a trust's structure will determine how assets are controlled, whether they're ...

How does a trustee decide how and when to make distributions from a trust to a beneficiary? When making distributions, the Wisconsin Trust Code says the trustee must act (1) in good faith; (2) in ...