Can a special needs trust fund subscription safety monitoring devices?
The question of whether a Special Needs Trust (SNT) can fund subscription safety monitoring devices is a common one for …
Can a trust own art collections and manage exhibitions?
Yes, a trust can absolutely own art collections and, with careful planning, even manage exhibitions, offering a sophisticated approach to …
How do I title a bank account in the name of the trust?
Transferring ownership of a bank account to a trust, often referred to as “funding the trust,” is a critical step …
Can the trust prioritize income generation over asset growth?
Absolutely, a trust can be specifically designed to prioritize income generation over substantial asset growth, and this is a common …
Are foreign assets protected in an irrevocable trust?
The question of whether foreign assets are protected within an irrevocable trust is complex and hinges on several factors, including …
Can I use a testamentary trust to leave behind a financial legacy plan?
A testamentary trust, established within a will, presents a powerful mechanism for constructing a lasting financial legacy plan, allowing you …
What’s the difference between a land trust and a revocable trust?
Both land trusts and revocable trusts are estate planning tools used to manage assets, but they serve distinctly different purposes …
Can a CRT ensure annual updates to the donor’s family on remainder usage?
A Charitable Remainder Trust (CRT) is a powerful estate planning tool that allows donors to receive income during their lifetime, …
Can I allocate separate funds for emergencies within the trust?
Establishing a trust is a powerful tool for managing assets and ensuring your wishes are carried out, but many clients …
Can the CRT hold agricultural land in trust for stewardship before sale?
Charitable Remainder Trusts (CRTs) can indeed hold agricultural land, offering a unique avenue for stewardship while planning for eventual sale, …