An irrevocable trust is one of the most indispensable estate planning tools. It can be used to access certain government benefits, minimize estate taxes, and protect assets within the trust.

We all work hard to build our wealth, whether it’s through a successful business, real estate investments or a high-income profession. But what happens if an unexpected, even frivolous lawsuit ...

A castle with one strong wall is still easy to conquer. The same is true in wealth planning. Many attorneys build asset protection structures—LLCs, limited partnerships or trusts—but stop there. These ...

When you purchase a home in Mason City or Clear Lake, you're not just buying property—you're building a legacy. Yet many North Iowa homeowners overlook a critical question: what happens ...

Transferring property into a trust is an estate planning decision that can affect taxes during your lifetime and beneficiaries later. The tax treatment depends on how the trust is structured and how ...

Trusts offer many significant benefits for estate planning, including asset protection and efficient wealth transfer. As the leading authority on tax management and wealth generation, Tom Wheelwright ...

Generally, the income earned by an irrevocable trust is subject to state income tax in addition to federal income tax. Making strategic decisions in establishing your client’s trust, such as selecting ...

Planning for long-term care is a crucial but often overlooked part of estate planning. Determining who will care for you and how that care will be paid for can be an uncomfortable conversation, yet it ...