Are there tax benefits to setting up a special needs trust?
Establishing a special needs trust (SNT) can offer significant tax advantages while ensuring the long-term financial security of a loved …
Can the trust be structured to shift beneficiaries after certain events?
Absolutely, a trust can be meticulously designed to dynamically shift beneficiaries based on the occurrence of specific, pre-defined events, offering …
Can the bypass trust purchase health insurance for beneficiaries?
A bypass trust, also known as a Generation-Skipping Trust (GST) or an intentionally defective grantor trust (IDGT), is a powerful …
Can I plan to reduce probate costs?
Probate, the legal process of validating a will and distributing assets, can often be a significant financial drain on estates, …
Can the CRT income be distributed as a flat dollar amount instead of a percentage?
Charitable Remainder Trusts (CRTs) are powerful estate planning tools allowing individuals to donate assets to charity while retaining an income …
Can I cap trustee compensation to a set percentage of trust income?
Determining trustee compensation is a frequent question for those establishing or managing trusts, and the answer isn’t always straightforward, particularly …
Can I create funding triggers tied to economic indicators?
The concept of tying funding triggers to economic indicators is gaining traction, particularly within estate planning and trust administration, allowing …
Can I specify disbursement rules by age or life stage?
Absolutely, crafting estate plans that distribute assets based on the age or life stage of beneficiaries is a common and …
Can a bypass trust make periodic charitable donations on behalf of the family?
A bypass trust, also known as a credit shelter trust or a family trust, is a powerful estate planning tool …
What are some common estate planning mistakes people make, and how can I avoid them?
The phone rang, shattering the silence of the dimly lit library. Sarah’s heart pounded as she answered. It was her …