When planning your estate, you should understand different trust options available, such as testamentary trusts and living trusts. A testamentary trust is created through a will and only becomes ...

A testamentary trust helps with overall wealth management by protecting the testator’s assets after their death. This type of trust can be used to name minors as beneficiaries of the testator’s estate ...

In Private Letter Ruling 201444003 (released Oct. 31, 2014), the Internal Revenue Service determined that a testamentary power of appointment (POA) didn’t constitute a general POA under Internal ...

Guardians are a type of fiduciary appointed for a minor child or individual determined incapacitated by the courts. When appointed by a Last Will and Testament (“Will”), they are commonly known as ...

I recently helped an executor administer an estate that poured over to an unfunded revocable trust. Although the decedent failed to use the trust to avoid probate, the trust made probate easy. The ...

Q: Our will creates a trust for our grandchildren. We tried to set up a bank account but the bank said they needed a trust agreement, not a will. Can’t a will set up a trust? Why won’t the bank accept ...

Providing for the next generation is a key concern for many clients. Mark Gleeson takes a look at core testamentary trusts and child pensions. Estate planning is a critical part of holistic financial ...