The Trustee Report
Welcome to The Trustee Report, your go-to resource center for all things trust and estate planning. Here, you'll find in-depth articles, FAQs, step-by-step guides, and expert insights to help you navigate the complexities of trust management with confidence. Stay informed and empowered with the latest updates and trends in estate planning, ensuring your legacy is protected and your loved ones are provided for. Dive in and discover the tools and knowledge you need for a smooth and successful estate planning journey.
Irrevocable Common Law (Contract) Trusts: Definition, IRS Treatment, and Legitimate Benefits
Dec 14, 2023
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Introduction
Trusts are a fundamental tool in U.S. estate and financial planning. However, not all trusts are created equal, and some so-called “common law” or “contract” trusts have become controver...