Can I close a trust before I die?
Yes, you can generally close a trust before you die, but the process isn’t always straightforward and depends heavily on …
Can a trust reward marriage or parenting milestones?
The idea of incentivizing life events like marriage or achieving parenting milestones within a trust is gaining traction as a …
Can a special needs trust pay for services related to establishing medical power of attorney?
The question of whether a special needs trust (SNT) can cover the costs associated with establishing a medical power of …
Can a testamentary trust include ethical or moral guidelines?
Yes, a testamentary trust can absolutely include ethical or moral guidelines, though the extent to which these are enforceable can …
How do state-specific inheritance tax exemptions impact testamentary trusts?
The interplay between state inheritance tax exemptions and testamentary trusts is a complex area of estate planning, often overlooked but …
Can I avoid Medicaid payback with a third-party trust?
The question of protecting assets while planning for potential long-term care needs, specifically concerning Medicaid payback, is a common concern …
Can testamentary trusts be used to hold equity in private startups?
Testamentary trusts, established through a will and taking effect after death, present a unique, though potentially complex, avenue for holding …
Can I use the trust to enforce healthy lifestyle incentives?
The concept of using a trust to incentivize, or even *enforce*, healthy lifestyle choices is a fascinating and increasingly discussed …
How is a testamentary trust enforced?
A testamentary trust, created within a will, springs into existence upon the grantor’s death and is governed by its specific …
Can I make annual charitable gifts a condition of heir distributions?
The desire to instill values and continue philanthropic endeavors beyond one’s lifetime is a common aspiration, and many clients ask …