Is a testamentary trust required to file its own tax return?
Yes, a testamentary trust, created within a will and becoming active upon the grantor’s death, generally *is* required to file …
Can I require that a family business remain within the family?
The question of whether you can legally *require* a family business to stay within the family is complex and hinges …
Can I build in skip provisions for underperforming beneficiaries?
Navigating estate planning can be complex, and a common concern for many clients, particularly those with multiple heirs, is whether …
Can I exclude individuals based on relationship status?
The question of whether you can exclude individuals from your estate plan based on their relationship status is a complex …
How is a special needs trust terminated?
A special needs trust (SNT), designed to provide for a person with disabilities without disqualifying them from essential government benefits …
Can a trust hold inventory?
Yes, a trust absolutely can hold inventory, but it’s not quite as straightforward as simply transferring ownership. Understanding how a …
Can a special needs trust fund sensory therapy sessions?
Absolutely, a special needs trust can, and often should, fund sensory therapy sessions, provided it aligns with the beneficiary’s overall …
Are distributions reported to the IRS?
Yes, distributions from trusts and estates are generally reported to the IRS, ensuring transparency and compliance with tax laws. The …
Can a special needs trust cover the cost of certification in a hobby-related skill?
Navigating the complexities of special needs trusts often brings up questions about allowable expenses, and the seemingly simple inquiry of …
Can I assign a family ombudsman to mediate internal trust disputes?
The idea of appointing a family ombudsman to navigate the often-turbulent waters of trust disputes is gaining traction, however, it’s …