Can the trust contribute to an ABLE account?
ABLE accounts, or Achieving a Better Life Experience accounts, are tax-advantaged savings accounts for individuals with disabilities, designed to enable …
Can I require transparency reports from business-owning beneficiaries?
As an estate planning attorney in Wildomar, I often encounter situations where beneficiaries of trusts own businesses, and the question …
Can a bypass trust offer career sabbatical grants?
A bypass trust, also known as a Grantor Retained Annuity Trust (GRAT), is a powerful estate planning tool designed to …
What is the difference between a living trust and a testamentary trust?
The core distinction between a living trust and a testamentary trust lies in when and how they are created and …
Can a bypass trust provide lifetime income to the spouse and then go to charity?
Yes, a bypass trust, also known as a marital trust or a QTIP trust (Qualified Terminable Interest Property Trust), is …
Can a special needs trust pay for prescription delivery services?
A special needs trust (SNT) is a powerful tool designed to enhance the quality of life for individuals with disabilities …
Can the trustee hire professionals to manage trust assets?
Absolutely, a trustee not only *can* hire professionals to manage trust assets, but in many cases, they have a fiduciary …
Can the trust pay for estate planning fees for future generations?
That’s a frequently asked question, and the answer is, yes, with careful planning, a trust can indeed be structured to …
Can I close a trust before I die?
Yes, you can absolutely close a trust before you die, but the process isn’t always straightforward and depends heavily on …
Can a trust reward marriage or parenting milestones?
The question of whether a trust can reward marriage or parenting milestones is increasingly common as estate planning evolves beyond …