Articles
Irrevocable Provision
Practice Note: The Irrevocable Provision, among other things, helps establish trust requirement that it not be altered in any way. It acts as a...
Complex Provision
Practice Note: The Trust is complex with a Simple Provision. A Complex Trust can accumulate income and distribute from the corpus. A simple trust...
Spendthrift Provision
Practical Considerations: How is a Spendthrift Provision created? The Texas Trust Code reads: Sec. 112.035 SPENDTHRIFT TRUSTS “(b) A declaration in...
Advantages & Disadvantages of Establishing A Trust
AdvantageBy far, the most common and advantageous reason for establishing a trust is to protect inheritance for the future generations. Trusts are...
10 Famous People Who Died Without a Will
For these celebrities, the effects of their lack of planning had far-reaching consequences. by Heleigh Bostwick - updated September 24,...
Aretha Franklin Had No Will or Trust
After years of battling pancreatic cancer, the Queen of Soul, Aretha Franklin, died surrounded by family and friends on August 16, 2018....
Internal Revenue Code: Rule 643
This is a summary of IRS Code; Rule 643. It says if a Trust has a Simple or Complex provision, isDiscretionary and no percent is designated to one...
Recognizing Illegal Tax Avoidance Schemes
There are a large number of illegal tax avoidance schemes. These schemes are typically promoted with the promise of reducing or eliminating income and other types of taxes.