Can I give heirs the option to delay their inheritance for tax benefits?
The question of strategically delaying an inheritance for tax advantages is a common one, and the answer is yes, with …
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Can I add provisions for digital backup and archiving of trust documents?
In today’s increasingly digital world, the question of how to securely store and maintain trust documents is paramount, and yes, …
Can I limit eligibility for distributions to those who pass a fiduciary exam?
The question of whether you can limit eligibility for distributions from a trust to those who pass a fiduciary exam …
Can I instruct the trustee to consider local economic needs when choosing investments?
Absolutely, you can, and often should, provide guidance to your trustee regarding your values and priorities, including a preference for …
Can the trust require that vacation properties be used communally by all heirs?
Yes, a trust can absolutely require that vacation properties, or any assets for that matter, be used communally by all …
Can I tie distributions to successful completion of counseling or therapy?
The question of whether you can tie distributions from a trust to a beneficiary’s successful completion of counseling or therapy …
How do I verify the source of a problem in estate distribution?
The phone buzzed, shattering the morning calm. It was Michael’s sister, her voice trembling with distress. “There seems to be …
What’s my first move if I need to update my will near by?
The phone rang, shattering the quiet of the afternoon. It was Sarah, her voice trembling. “My father passed away,” she …
Can a bypass trust offset tax on inherited annuities?
The question of whether a bypass trust can offset tax on inherited annuities is complex, deeply rooted in estate tax …
What is the benefit of holding life insurance in a trust?
Holding life insurance within a trust, particularly an Irrevocable Life Insurance Trust (ILIT), offers a multifaceted approach to estate planning, …