Moses Estate Planning Blog
Revocable Living Trusts and the Trustee: Who Should I Pick as Successor Trustee?
The Trustee of a Trust is the person in charge, the manager, the mover and shaker when it comes to fulfilling the intent of the Trust. The Settlors (those creating the Revocable Living Trust) will need to consider and ultimately pick who will be the Trustee of their...
Estate Planning and Tax Practitioners Beware! IRS Offshore Trust Compliance Approaches.
A kind reminder to fellow Estate Planning and Tax practitioners that March 15th is the deadline for filing IRS Form 3520-A, the Annual Information Return of Foreign Trusts with a U.S. Owner (or filing an extension via form 7004). The IRS requires the 3520-A to be...
Do I need a Revocable Living Trust or a Will? Key Advantages and Disadvantages of both.
In a nutshell, wills are simpler, shorter, and often times less costly. A properly drafted Will allows you to pick the beneficiaries you want to inherit your property at your death. However, a Will still has to run through the Probate system, which can cost time and...
