Can a testamentary trust prevent irresponsible spending?
Testamentary trusts, established through a will, offer a powerful tool to manage assets and, crucially, potentially curb irresponsible spending by …
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Can I fund a CRT with the proceeds from the sale of a vacation home?
Yes, you absolutely can fund a Charitable Remainder Trust (CRT) with the proceeds from the sale of a vacation home, …
Can a bypass trust allocate separate shares to different family branches?
The question of whether a bypass trust can allocate separate shares to different family branches is a common one, and …
Can I include artwork in a charitable remainder trust?
Establishing a charitable remainder trust (CRT) allows individuals to donate assets, including artwork, to a trust that provides income to …
Which assets should I put into my living trust?
Determining which assets to place within a living trust is a pivotal step in estate planning, ensuring a smooth transfer …
Can estate planning ensure continuity for a vacation home?
Successfully transferring ownership of a vacation home after your passing or incapacitation requires careful estate planning, going beyond simply naming …
Can a special needs trust include contingency funds for therapy transitions?
Absolutely, a special needs trust can, and often *should*, include contingency funds specifically earmarked for therapy transitions, as these transitions …
Can I use a testamentary trust to preserve certain family traditions?
Yes, a testamentary trust can absolutely be a powerful tool to not only distribute assets but also to actively preserve …
What happens if a testamentary trust is not fully funded?
A testamentary trust, created within a will, offers a powerful tool for managing and distributing assets after someone’s passing, but …
Can a bypass trust include an inflation-adjustment clause for distributions?
The question of whether a bypass trust – also known as a credit shelter trust – can include an inflation-adjustment …