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Many people perceive trusts as a complex subject better left to their attorney. As a matter of fact, they often think trusts are available only to the wealthy.

No one wants to dwell on it, but death is an inevitable part of life. Once you plan for its eventuality, you may rest easy with the hope that your family will be taken care of.

This quiz is designed to stimulate your thinking about estate planning issues that may need your attention.

While large loans from parents to offspring are quite common, it is important to pay attention to the tax rules that apply to the transaction.

Not knowing the factors that can trigger an IRS audit often contributes to high levels of anxiety.

With a GRAT, you can put all or part of your company’s stock into an irrevocable trust that pays you (the business owner) a fixed income for a specified number of years.

A properly structured estate plan will help to fulfill your specific goals and wishes for asset control and distribution during your lifetime and after your death.

A monthly newsletter providing you insight into the law, finance and family matters (with an occasional dose of humor) from your friends and advocates at DuPont Wealth Solutions and the Law Offices of DuPont and Blumenstiel.

The 1998 IRS Reform Act shifted the burden of proof from the taxpayer to the Internal Revenue Service (IRS) in certain situations. However, the rules will not apply if you cannot come up with the proper documentation.

Timing is everything. As a result, it is prudent for today’s small business owner to consult with insurance, legal, and tax professionals to devise a plan of action that will provide security for his or her business and family.