A trust can be a useful estate planning tool, in addition to a will. You can use a trust to remove assets from probate, potentially minimize estate and gift taxes and ensure that assets are managed on ...

Question: My client Paul retired from his firm effective Dec. 31, 2020, at age 73. He was not a "5% owner" of the firm. At the time he left, he had $850,000 in the firm's 401(k) plan and also owned a ...