Can the trust pay for self-defense or situational awareness classes?
Absolutely, a properly structured trust can often cover the costs of self-defense or situational awareness classes for beneficiaries, but it …
What’s the difference between a first-party and third-party special needs trust?
Understanding the nuances of special needs trusts is crucial for families seeking to protect the financial future of a loved …
Can a special needs trust pay for utilities?
Navigating the financial landscape for a loved one with special needs requires meticulous planning, and a common question arises: can …
Can I tie trust distributions to inflation rates?
Absolutely, tying trust distributions to inflation rates is a strategic approach to preserving the real value of assets for beneficiaries …
Can a testamentary trust delay disbursement if a beneficiary is incarcerated?
Yes, a testamentary trust can indeed delay disbursement to a beneficiary who is incarcerated, and the specifics of how and …
Can estate planning accommodate second marriages?
Blending families through second marriages presents unique estate planning challenges, but absolutely, estate planning can, and should, accommodate these situations. …
Can the trust include a reserve for end-of-life medical expenses?
Absolutely, a well-structured trust can and often *should* include a reserve specifically designated for end-of-life medical expenses, ensuring your wishes …
Can a trust be created jointly with a business partner?
Establishing a trust is a powerful tool for managing assets and planning for the future, but the question of whether …
Can the bypass trust provide funding for family caregiving expenses?
The bypass trust, also known as a Grantor Retained Income Trust (GRIT), is a powerful estate planning tool designed to …
Can I specify different income distribution rates for different beneficiaries?
The short answer is yes, you absolutely can, and often *should* tailor income distribution rates to the unique needs and …