How is a special needs trust terminated?
A special needs trust (SNT), designed to provide for individuals with disabilities without disqualifying them from vital government benefits like …
Can a trust hold inventory?
Yes, a trust can absolutely hold inventory, but it’s not quite as simple as just transferring ownership; careful consideration must …
Can a CRT be used to contribute to a pooled income fund?
Yes, a Charitable Remainder Trust (CRT) can indeed be used to contribute to a pooled income fund (PIF), creating a …
Can the trust create a reserve to cover trust litigation costs?
The question of whether a trust can create a reserve to cover potential litigation costs is a common one for …
Can a special needs trust cover the cost of certification in a hobby-related skill?
Navigating the complexities of special needs trusts often brings questions about allowable expenses, and whether enriching activities like hobby certifications …
Can I include mental health support services as a trust benefit?
The question of incorporating mental health support services as a trust benefit is gaining traction as estate planning evolves to …
Can I require that the trust be reviewed every 10 years for relevance?
Absolutely, incorporating a decennial review clause into your trust is a prudent and increasingly common practice for estate planning, ensuring …
Can the trust support legal guardianship transitions?
Establishing a trust is often seen as a way to manage assets, but its capabilities extend far beyond mere financial …
Can I set up a trust to fund a startup for a beneficiary?
Yes, establishing a trust to fund a startup for a beneficiary is absolutely possible, and a growing number of families …
Can I enforce performance reviews for trustee responsibilities?
Trustees hold a significant responsibility, managing assets and fulfilling the wishes outlined in a trust document, but the idea of …