Are QTIP trusts subject to step-up in basis upon the second spouse’s death?
Qualified Terminable Interest Property (QTIP) trusts are frequently used in estate planning, particularly in blended families, to provide for a …
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Can I prevent the trustee from selling heirloom property?
The question of restricting a trustee’s ability to sell cherished family heirlooms within a trust is a common concern for …
Can a trust incentivize savings and investments?
Absolutely, a trust can be a powerful tool to not only protect assets but also to actively encourage and reward …
Who can create a special needs trust?
A special needs trust, also known as a supplemental needs trust, is a powerful estate planning tool designed to provide …
Can the trust incentivize saving or investing?
Absolutely, a well-structured trust can be a powerful tool not just for wealth preservation, but also for actively encouraging saving …
Can a bypass trust be terminated by court petition if obsolete?
The question of terminating a bypass trust via court petition when it has become obsolete is a complex one, heavily …
How do I change the name of a trust?
Changing the name of a trust isn’t as simple as updating a bank account, but it’s often necessary due to …
Can a CRT invest in low-income housing tax credits?
Yes, Charitable Remainder Trusts (CRTs) can indeed invest in Low-Income Housing Tax Credits (LIHTC), offering a unique blend of charitable …
Can I provide for care of community service animals used by family members?
The question of providing for the continued care of community service animals within an estate plan is a surprisingly common …
Can the bypass trust convert to a unitrust format later?
The flexibility of estate planning tools is often underestimated, and the question of converting a bypass trust—also known as a …