Can I include a no-conflict-of-interest policy in the trust’s governance?
Establishing a trust is a significant step in estate planning, allowing for the managed distribution of assets according to your …
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Can I require the trustee to consult annual performance reviews for distributions?
Establishing clear guidelines for trustee discretion regarding distributions from a trust is a cornerstone of effective estate planning, and incorporating …
Can the trust allow for alternate trustees in the event of incapacity?
Absolutely, a well-drafted trust should, and almost always does, provide for successor or alternate trustees to step in if the …
Do beneficiaries pay taxes on testamentary trust distributions?
Yes, beneficiaries generally do pay taxes on distributions they receive from a testamentary trust, though the specifics can be complex …
Can I make attendance at annual family meetings a requirement for distribution?
The question of tying trust distributions to attendance at family meetings is a surprisingly common one, and the answer, like …
Can I use a living trust to qualify for VA benefits?
The question of whether a living trust can be used to qualify for VA benefits is complex, but generally, yes, …
Can I provide for relocation costs for heirs serving in underserved areas?
Estate planning allows for incredible nuance and personalization, extending beyond simply distributing assets; it’s about incentivizing values and supporting specific …
Can a trust include clauses to fund entrepreneurial risk?
Absolutely, a trust can be structured to include clauses specifically designed to fund entrepreneurial risk, though it requires careful planning …
How do I explain the trust’s purpose to family members?
Establishing a trust is a significant step in estate planning, but explaining its purpose to family members can be challenging. …
Can the trust establish a mental health emergency response fund?
Establishing a mental health emergency response fund within a trust is a forward-thinking approach to estate planning, recognizing the increasing …