What makes a trust legally enforceable?
A trust, at its core, is a legally binding arrangement where one party (the trustee) holds assets for the benefit …
Can I mandate that a trustee rotation happen every five years?
The idea of regularly rotating trustees – perhaps every five years – is a fascinating one, often stemming from a …
Can the trust purchase software for communication assistance?
Yes, a trust can absolutely purchase software for communication assistance, provided the terms of the trust document allow for such …
Can a trust own rental property?
Yes, a trust can absolutely own rental property, and in many estate planning scenarios, it’s a highly beneficial strategy for …
Can a trust require financial reporting by beneficiaries?
Absolutely, a trust can indeed require financial reporting by beneficiaries, and it’s a surprisingly common, and often crucial, component of …
Can the bypass trust hold bank accounts in multiple states?
The question of whether a bypass trust, also known as a credit shelter trust, can hold bank accounts in multiple …
Can a special needs trust pay for educational apps?
Special needs trusts are powerful tools designed to enhance the quality of life for individuals with disabilities without jeopardizing their …
Can I allow heirs to pool distributions for group investments?
The question of allowing heirs to pool distributions for group investments is a common one, particularly as estate plans become …
Can I plan for the ownership transition of a family cemetery plot?
Yes, you absolutely can and should plan for the ownership transition of a family cemetery plot, as it’s a surprisingly …
Can a trust restrict resale of homes funded by the trust?
Yes, a trust can absolutely restrict the resale of homes funded by the trust, offering a powerful tool for estate …