Tag Archives: Trusts

Mark Gilfix wins Distinguished Author award from Trusts and Estates magazine

Mark Gilfix, a partner at Gilfix and La Poll Associates, was awarded the prestigious Distinguished Authors award from Trusts and Estates magazine for his 2018 article “Aging at Home: How technology and AI can help our clients.” He won in … Continue reading

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Autism: What Every Parent Needs to Know About Special Needs Trusts

Autism: What Every Parent Needs to Know About Special Needs Trusts Parents who have children with autism have their own special challenges. When a mom or dad’s days are jam-packed with therapy appointments, school activities, meetings, and specialized care, it … Continue reading

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Nongrantor Trusts Can Be Very Useful in Certain Situations

A trust may be taxed as either a grantor trust or a nongrantor trust. Each type of trust has advantages and disadvantages. This article examines a nongrantor trust and situations in which it might be useful. Nongrantor Trusts Can Be … Continue reading

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How to Leave an Estate to a Minor | 2503(c) Minor’s Trusts Explained

In this article, we’ll define a 2503(c) Minor’s Trust, review the advantages of a 2503(c) Minor’s Trust and disadvantages of a 2503(c) Minor’s Trust, and explain the tax benefits of Minor’s Trusts. Read more detail on Recent Real Estate and … Continue reading

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Reporting Foreign Trusts

Foreign Trusts & Form 3520 According to the IRS, foreign trusts are a major compliance issue: Citizens and residents of the United States are taxed on their worldwide income. To help prevent the use of foreign trusts and other offshore entities … Continue reading

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