The DJT Blog
One of the many advantages of a living trust is its simplicity at tax time. Before 1981, a revocable living trust had to file its own tax return (Federal Form 1041) and apply for and use its own Taxpayer Identification Number (TIN). In 1981, however, the Internal Revenue Service issued new regulations that not only permit the creator (grantor) of a revocable living trust to use his or her own Social Security number and file Form 1040 only but also specifically encourage them to do so.
Estate planning is all about five essential documents. Here they are in order of importance...
I have heard friends complain that their parent’s financial power of attorney was not honored by their bank. Is there a way to avoid this?
Think the birds and bees is the most awkward chat you'll ever have with Mom and Dad? Think again. Adulthood brings other uncomfortable conversations: wills, long-term care, and end-of-life issues. Here's how to these handle delicate subjects with care.
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