When planning your estate, you should understand different trust options available, such as testamentary trusts and living trusts. A testamentary trust is created through a will and only becomes ...

I recently helped an executor administer an estate that poured over to an unfunded revocable trust. Although the decedent failed to use the trust to avoid probate, the trust made probate easy. The ...

The landscape of estate planning for ultra high net worth families is undergoing meaningful change. As intergenerational wealth transfers accelerate and tax complexity deepens, advisors and families ...

In Private Letter Ruling 201444003 (released Oct. 31, 2014), the Internal Revenue Service determined that a testamentary power of appointment (POA) didn’t constitute a general POA under Internal ...

Recent changes to legislation governing the taxation of testamentary trusts is likely to have dramatic implications for estate planning in Canada, particularly when the new rules kick in next year.

Providing for the next generation is a key concern for many clients. Mark Gleeson takes a look at core testamentary trusts and child pensions. Estate planning is a critical part of holistic financial ...

The creator and signer of a Will is known as a testator. Testamentary capacity, therefore, is the ability of the testator to knowingly sign his or her Will. There are numerous ailments that may result ...