Joint revocable trusts, which are common in community property states like Texas, are the subject of ongoing debate.(Courtesy / Getty Images/iStockphoto) Revocable living trusts are often used as ...

Cash gift to daughter shouldn’t trigger fine. Dear Liz: I gave my daughter $30,000 in 2015. I was fined $5,000. Why? I had not talked with another daughter, who does my taxes, so I was not aware ...