Are Trust Distributions Taxable?

Hi. Lee Phillips here. I guess you’re familiar with me now I’m a lawyer. Don’t hold that against me. K? I want to talk about when a beneficiary of a living revocable trust or even an irrevocable trust gets a distribution from the trust The question is is that taxable? Continue Reading

Do You Need a Family Trust | Family Matters by Tony Layton

Almost everybody knows the hit TV series Downton Abbey. Even if you weren’t a fan, you probably know it tells the story of a family of British aristocrats and their servants in the early part of the last century. One of key plot point revolves around the fact that the Continue Reading

Discounted Gift Trust

we all want to leave as much as possible to our family and loved ones in the UK the first three hundred and twenty-five thousand pounds of an individual’s estate is freed from inheritance tax but everything over this can be taxed at forty percent without careful planning HMRC could Continue Reading

Revocable Trust Deposit Insurance Coverage Seminar for Bankers

– The focus of today’s session is to discuss revocable trust accounts, both payable on death accounts with five or fewer beneficiaries as well as complex scenarios including calculating deposit insurance coverage for depositors who are seeking more than $1,250,000 in deposit insurance coverage. Today’s presentation is divided into three Continue Reading