Can a special needs trust pay for educational expenses?
Yes, a special needs trust can absolutely pay for educational expenses, but navigating the rules requires careful planning and understanding …
Can I link disbursements to benchmarks in career growth or entrepreneurship?
The question of linking financial outlays, or “disbursements,” to tangible progress in career advancement or entrepreneurial ventures is not merely …
Can a CRT remainder be earmarked for climate action programs?
Charitable Remainder Trusts (CRTs) are powerful estate planning tools allowing individuals to donate assets to charity while retaining income during …
Can a testamentary trust reward military service with bonus distributions?
Testamentary trusts, created through a will, offer a flexible way to distribute assets after someone passes away, and yes, they …
Can I require succession planning training for beneficiaries?
Succession planning isn’t just for businesses; it’s increasingly vital for families with significant wealth, and yes, you can—and often should—require …
Can an irrevocable trust receive rental income?
Yes, an irrevocable trust can absolutely receive rental income, but it requires careful planning and adherence to specific tax and …
Can I use a testamentary trust for real estate planning?
A testamentary trust, created within a will, offers a flexible tool for real estate planning, allowing property to be managed …
Can the trust establish a committee to monitor philanthropic impact?
Yes, a trust can absolutely establish a committee to monitor philanthropic impact, and increasingly, grantmakers are recognizing the importance of …
Can the trust include privacy education for safe social media use?
In the evolving landscape of estate planning, the question isn’t simply about assets anymore; it’s about safeguarding legacies in the …
Can the trust include family bonding funds for retreats or therapy?
Absolutely, a trust can be specifically designed to include funds earmarked for family bonding activities like retreats or even therapy …