Can a bypass trust be used to preserve a family legacy farm?
The question of preserving a family farm for generations is a common concern, and a bypass trust, also known as …
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Can I specify a formula to calculate yearly distributions?
Absolutely, you can and often *should* specify a formula to calculate yearly distributions from a trust, ensuring your wishes are …
Can a bypass trust purchase and manage a life insurance policy on the spouse?
Yes, a bypass trust, also known as a credit shelter trust or an AB trust (though less common now due …
Can a trust pay for internet access or mobile devices?
Yes, a trust can absolutely pay for internet access or mobile devices, but the specifics depend heavily on the terms …
Can a trust help me qualify for government benefits?
The question of whether a trust can aid in qualifying for government benefits is complex, deeply intertwined with specific program …
Can I restrict access to inherited property without community input?
Inheriting property can be a blessing, but it also comes with potential complexities, especially when navigating the desires of the …
Can I include an incentive clause in my testamentary trust?
Yes, you absolutely can include an incentive clause in your testamentary trust, and it’s becoming increasingly popular as a tool …
Can I include rules that prioritize liquidity before capital appreciation?
Navigating the complexities of estate planning often involves balancing competing goals, and the desire to prioritize immediate access to assets—liquidity—over …
Can I attach social contribution metrics to large distributions?
The question of linking large distributions from estates or trusts to social contribution metrics is gaining traction as clients increasingly …
Can a trust help me qualify for government benefits?
Navigating the world of government benefits like Medicaid and Supplemental Security Income (SSI) can be complex, especially when considering long-term …