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

Not everyone is required to file a tax return, but the consequences of not filing when you should are harsh, so it’s best to know what your situation requires. The IRS has specific rules that dictate ...

I have inherited a portion of a generation-skipping trust. My portion should amount to $30,000. The question is whether to take the cash or leave it to be managed by the bank. I have a moderate income ...