Can a bypass trust be used to establish a family endowment fund?
A bypass trust, also known as a credit shelter trust, can absolutely be a foundational element in establishing a family …
Can a bypass trust be funded by retirement account proceeds?
The question of whether a bypass trust can be funded by retirement account proceeds is a complex one, requiring careful …
Can I split a bypass trust into separate trusts for each child?
The question of dividing a bypass trust – also known as a credit shelter trust or a Section 2056 trust …
Can I require annual updates to the estate plan by trustees?
Estate planning is not a one-time event, but rather an ongoing process, and while a trustee doesn’t typically *require* annual …
Can I require mental health certifications for trustees?
The question of requiring mental health certifications for trustees is becoming increasingly relevant as we recognize the significant responsibilities and …
Can I include trustee compensation in the trust terms?
Yes, you absolutely can, and often should, address trustee compensation within the terms of your trust document, however, there are …
Can I include cost-of-living adjustments in annual disbursements?
The ability to include cost-of-living adjustments (COLAs) in annual disbursements from a trust is a frequently asked question, and the …
Is a special needs trust considered irrevocable?
Generally, a special needs trust is indeed considered irrevocable, meaning once established, its terms cannot be easily changed or terminated. …
Can a bypass trust offer an incentive for military or civil service?
Bypass trusts, also known as disclaimer trusts, can indeed play a strategic role in estate planning for individuals considering or …
Can a special needs trust assist with meal delivery services?
Absolutely, a special needs trust can, and often should, assist with meal delivery services for a beneficiary with disabilities who …