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Christopher W Yugo

Income tax-free trust is too good to be true

Q: My father-in-law was talking about estate planning at dinner and said there was a trust that would protect a person's assets and make their personal income tax free. It sounds a little too good to be true and possibly illegal. Do you have any idea what kind of trust he was talking about, …

October 26, 2014 12:00 am

When is a distribution taxable?

Q: Why would my accountant tell me that my inheritance would be subject to income tax? I thought it was only subject to inheritance tax.

August 18, 2013 12:00 am
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