Trusts

Trusts are a way to protect assets from probate and may be used in estate planning. A common type of trust is a living trust, where assets are legally protected while the owners are alive. Assets may be put in a trust for a child who can access them only after reaching a certain age. Trusts may be revocable or irrevocable.

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Inheritance Taxes Depend On Estate Structure

Added May 15, 2009 by Ilyce R. Glink and Samuel J. Tamkin

When you receive an inheritance, you may be wondering how it will be taxed. The amount of taxes you pay depends on the total amount of the estate: if it's less than $3,500,000 then you won't have to pay federal estate tax. Inheritance taxes also depend on the structure of the assets; investments held outside of a retirement account, for example, aren't taxed until you sell them. Learn how having property in a trust may help you to avoid probate.

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How Long Does It Take To Recover From Identity Theft?

May 19, 2009

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The average identity theft case takes 26 hours to resolve, but you may be dealing with the effects of identity theft for several years. If someone has used your social security number or other personal information to create a synthetic or false identity, chances are they have used your personal…

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