Can a CRT qualify as a split-interest trust for IRS purposes?
A Charitable Remainder Trust (CRT) can indeed qualify as a split-interest trust for IRS purposes, allowing for significant estate and …
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Can I create educational endowments for descendants through estate planning?
Yes, absolutely, creating educational endowments for your descendants is a powerful and increasingly popular component of comprehensive estate planning, allowing …
Can I use a trust to facilitate open adoptions or family reunification?
The question of utilizing trusts to support open adoptions and family reunification is increasingly relevant as modern family structures evolve …
Can the trust require quarterly updates to beneficiaries?
Absolutely, a trust can indeed require quarterly updates to beneficiaries, and this is becoming increasingly common as transparency and open …
Can I require my children to reach a certain age before inheriting?
Absolutely, you can, and it’s a remarkably common and prudent estate planning strategy employed by many parents, including those who …
Can a special needs trust fund special event attire?
The question of whether a special needs trust can fund special event attire—things like prom dresses, tuxedos, or even specific …
Can I include provisions for automatic income reduction after certain thresholds?
The question of incorporating automatic income reduction provisions within a trust, particularly after reaching specific financial thresholds, is a sophisticated …
How do testamentary trusts fit into long-term estate planning?
Testamentary trusts are powerful tools in estate planning, created *within* a will and coming into effect only upon the death …
Can I include succession for trustee roles in my estate plan?
Absolutely, planning for the succession of trustee roles is a vital component of a comprehensive estate plan, ensuring a smooth …
Can I direct that only the income from a trust be distributed?
Absolutely, it is a common and often strategically advantageous approach to structure a trust so that only the *income* generated …