Can a bypass trust fund postgraduate studies or professional training?
A bypass trust, a crucial component of advanced estate planning, can indeed be structured to fund postgraduate studies or professional …
Can I convert an existing irrevocable trust into a CRT?
The question of converting an existing irrevocable trust into a Charitable Remainder Trust (CRT) is a complex one, frequently posed …
Can I include a “use it or lose it” clause in my trust?
The concept of a “use it or lose it” clause, while seemingly straightforward, is a complex one when applied to …
Can a trust grant forgiveness for personal loans?
The question of whether a trust can grant forgiveness for personal loans is complex, hinging on numerous factors including the …
Can I create a trust that includes provisions for a former spouse?
Divorce, while often a difficult process, doesn’t necessarily sever all financial ties, and individuals frequently contemplate including provisions for former …
What does “lapse” mean in a trust context?
In the realm of trusts and estate planning, “lapse” refers to the failure of a gift or bequest within a …
Can a special needs trust provide flexible budget forecasting support?
Special needs trusts (SNTs) are crucial tools for safeguarding the financial future of individuals with disabilities, but their capacity to …
Do I have to report foreign trusts to the IRS?
Yes, U.S. persons—including citizens, residents, and certain domestic entities—generally have reporting obligations regarding foreign trusts, even if they aren’t directly …
Can I cap total inheritance based on pre-existing net worth of heirs?
The question of whether you can cap total inheritance based on the pre-existing net worth of heirs is a fascinating …
What is a pour-over will?
A pour-over will is a legal document that functions as a safety net within a comprehensive estate plan, specifically designed …