Can a bypass trust be used to provide for stepchildren?
The question of providing for stepchildren within estate planning is a surprisingly complex one, often fraught with emotional and legal …
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What is a testamentary trust?
A testamentary trust is a trust created within a will, taking effect only upon the death of the testator—the person …
Can I cap annual disbursements based on inflation-adjusted figures?
The question of capping annual disbursements from a trust based on inflation-adjusted figures is a common one for Steve Bliss …
Can the trust establish a committee to monitor philanthropic impact?
Establishing a committee within a trust to specifically monitor philanthropic impact is not only possible but increasingly common, reflecting a …
Can testamentary trusts be used to hold equity in private startups?
Testamentary trusts, created through a will and taking effect after death, present a unique, yet increasingly relevant, strategy for holding …
Can the trust include family bonding funds for retreats or therapy?
Absolutely, a trust can be specifically designed to include funds earmarked for family bonding activities such as retreats or even …
Can an irrevocable trust receive rental income?
Yes, an irrevocable trust can absolutely receive rental income, but it requires careful planning and adherence to both the trust …
Can I use a testamentary trust for real estate planning?
A testamentary trust, created within a will, absolutely can be a powerful tool for real estate planning, offering a flexible …
Can I add a clause to skip a generation if needed?
The question of whether you can intentionally bypass a generation in your estate plan is a common one, and the …
What’s a dynasty trust?
A dynasty trust is an irrevocable trust designed to benefit multiple generations, potentially lasting for centuries, shielding assets from estate …