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Trust – not will – determines distribution (access required)

DEAR BENNY: We have our house deed titled in our two trusts. We have our will designating our two children as beneficiaries. Could there be any problem because the deed is in our trusts? – Sumitra DEAR SUMITRA: Yes, there ...

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Trusts can have downsides (access required)

DEAR BENNY: What are your thoughts on placing residential rental properties into a charitable remainder trust to be able to collect the rents and have the income offset by the charitable donation write-offs over the years allowed and sell the properties at a later date to avoid capital gains? Would you know what the requirements are as to how much must be retained in this type trust for the charity? Are there pitfalls to be aware of placing property into a CRT? —Jame

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