Opinions expressed by Forbes Contributors are their own. Matthew F. Erskine is a trusts and estates attorney. The FDIC has issued final regulations that, as of April 1, 2024, will change how bank ...

While the FDIC's move is intended to make insurance coverage rules for trust accounts simpler, it may push some depositors over FDIC limits, according to Ken Tumin, founder of DepositAccounts and ...

Funding your trust with bank and brokerage accounts generally requires new account ... so that funds allowable under the IRS gifting rules are transferred to minor children. Generation-skipping ...

They must manage trust assets, define rules, and handle taxes on trust income. Settlor errors like not funding the trust or financial overreach can disrupt its function. Key findings are powered ...

Opinions expressed by Forbes Contributors are their own. Bob Carlson researches all facets of retirement finances. An increasingly popular way to avoid probate and other estate planning issues is ...

A model digital assets clause that can be used in a will or trust instrument to transfer digital assets or digital accounts and allow a personal representative, executor, or trustee to access and ...

A trust is its own legal entity and can have its own bank account. Finding the right trust bank account, like those offered by Ally Bank, Charles Schwab, or J.P. Morgan Private Bank, can help ...

Maybe. UTMA accounts, named for the Uniform Transfers to Minors Act that governs them, offer a tax-advantaged way to gift assets to minors without the expense of setting up a trust. (And by the ...

The author and editors take ultimate responsibility for the content. Traditional and Roth IRA rules vary based on your personal circumstances. Getting a better understanding of these guidelines is ...