Can I designate funds to be used only during economic downturns?
The question of whether you can designate funds to be used only during economic downturns is a complex one, but …
Who manages a testamentary trust after my death?
A testamentary trust, established within your will, comes into effect only upon your passing, creating a unique management dynamic distinct …
Can the trust hold rental income-producing property?
Yes, a trust can absolutely hold rental income-producing property, and in many cases, it’s a highly advantageous strategy for estate …
Can the trust provide audio-visual equipment for accessibility at home?
For many, the idea of estate planning centers around financial assets and property, but a comprehensive trust can extend far …
Can a trust be handwritten?
The question of whether a trust can be handwritten is surprisingly common, and the answer, while seemingly simple, is nuanced …
Can I use a trust to encourage intergenerational mentorship?
The idea of weaving mentorship into the fabric of a trust is both innovative and profoundly meaningful, especially when considering …
Can I distribute bonuses for early achievement of personal goals?
The question of distributing bonuses for the early achievement of personal goals, while seemingly straightforward, intersects with complex estate planning …
Is the trust required to file its own tax return?
Trusts, while excellent tools for estate planning, often raise questions about their tax obligations; specifically, whether they are required to …
Can I set limits on how the surviving spouse may use trust income?
The question of controlling how a surviving spouse utilizes trust income is a frequent one for those engaging in estate …
What is the process to modify an irrevocable trust through court?
Irrevocable trusts are designed to be permanent, offering asset protection and tax benefits; however, life happens, and circumstances change, necessitating …