Authored by Sean Rice In the event of a personal injury litigation settlement, the mainstream solution has been to place some or all of the beneficiary’s proceeds into a structured settlement annuity contract. Reasons for this investment choice vary among those involved in the settlement process. Some cite the desire to protect the funds from…
Tag: trusts
Choice of trust upon marriage
It’s a truism that every trust is unique, but a recent private letter ruling from the IRS shows just how creative some trust creators have been. Names are redacted from these rulings, so we’ll call the players Grandson and Fiancée. Grandson is the beneficiary of an irrevocable trust, Trust 1, created by his grandfather. Grandson…
Revocable vs. Irrevocable Trusts: What Should You Choose?
If you are planning a trust-based wealth management strategy, should your trust be revocable or irrevocable? The answer turns on your objectives for the trust. (more…)