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 …
Wildomar Estate Planning
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 …