Understanding the Role and Responsibilities of a Fiduciary in Estate Planning

A fiduciary is an individual or institution that acts on your behalf and puts your interests first when making decisions. Unlike other companies that promise to put the customer first, those acting as a fiduciary are legally obligated to do so. There are many different jobs that require people to operate as a fiduciary, including […]

Introduction to Crummey Trusts

There are many different types of trusts that people can use as part of their estate plan, some more well-known than others. One such trust is known as the “Crummey” trust, named for the case of Crummey v. Commissioner, 397 F.2d 82 (9th Cir. 1968). A Crummey trust is an irrevocable trust that enables annual […]

A Brief Introduction to the Charitable Remainder Trust

Since 1969, many people have used charitable remainder trusts, or CRTs, to maximize their incomes, minimize taxes, and support charities that have special meaning for them. At one time, they were regarded as simply another medium for the wealthy to make large donations. Nowadays, people with modest estates also use them to donate small amounts […]