In Frank Aragona Trust v. Comm’r, 142 T.C. No. 9, the Tax Court ruled in favor of the taxpayer, holding that a trust could and did materially participate in real estate rental activities, thus ...

On March 25, 2025, Executive Order 14247 was issued, requiring that all federal payments, including tax payments to the IRS, ...

Forbes contributors publish independent expert analyses and insights. I write about charitable giving and estate planning ideas. When the first of two spouses dies the survivor can safeguard the ...

Your spouse recently died leaving all her assets to you. Your attorney has assured you that no estate tax is due, but you still need to file an estate tax return. Do not overlook the importance of ...

Question: Help! My husband died at the beginning of last year. We have a living trust so I know there is no probate and nothing needed to be done about the trust. However, I am panicked about our ...

An irrevocable trust is a legal entity that cannot be altered, amended or revoked after its creation. Irrevocable trusts are typically established to protect assets from creditors, benefit the ...

Editor’s note: This is part 16 — and the final article — of a series about the fundamental principles of using trusts and ...

Learn about gifts in trust and how they help distribute assets according to the grantor's wishes and protect wealth for ...

The executors of the estate of billionaire Richard Mellon Scaife have filed a claim in the U.S. District Court for the Western District of Pennsylvania to recoup an estate tax refund based on a ...

Beverly is a writer, editor, and paralegal specializing in personal finance and tax law. She covers personal financial and legal topics, as well as tax breaks, tax preparation software, and tax law ...