Trusts

Is setting up a trust in South Dakota worth it? South Dakota offers everything a wealthy person setting up a trust could want. There is no state income tax or capital gains tax, so investment gains on assets placed in the trust are tax-free if it’s structured correctly. Robust protections provide anonymity and shield assets … Read more

What is an irrevocable trust? The term irrevocable trust refers to a type of trust where its terms cannot be modified, amended, or terminated without the permission of the grantor’s beneficiary or beneficiaries. Irrevocable trusts are generally set up to minimize estate taxes, access government benefits, and protect assets. Read more on www.investopedia.com A grantor, … Read more