all trust income must be reported on either the trust income tax return (at trust tax rates) or on the tax return of the trust maker or beneficiary (at individual tax rates). Profit and prosper ...

The usual living trust you form for estate planning doesn’t help, since the grantor must include the income on his return. They seek to wall off assets from California’s 13.3% tax rate via a ...

With the right lawyers, rich clients can use CLTs to save big on estate and income tax. If the assets within the trusts appreciate faster than an interest rate set by the IRS at the time of ...

For most Middletown residents, preserving open space is a priority. That was evident from November’s ballot referendum: Two-thirds of voters supported raising the annual collection rate of the Open ...