Does a spendthrift trust really protect you?

A basic concept of asset protection is that your creditors are going to be able to take away anything that you have rights to. In the context of a trust, if you have the right to revoke a trust and take its assets your creditors will have the exact same rights.  Thus a revocable living[…]

Is Turbo Tax reporting you to the IRS

Over the last few days a number of state tax agencies have said they will no longer accept electronic filing from Turbo Tax. This can’t be good for Turbo Tax’s sales. As a direct result, on February 9th 2015, the CEO of Intuit, the company that makes Turbo Tax, sent a letter to the head[…]