Do beneficiaries pay taxes on trust distributions?
The question of whether beneficiaries pay taxes on trust distributions is surprisingly complex, and often misunderstood, even among those familiar …
Can I establish a review process for beneficiary progress toward personal goals?
Establishing a review process for beneficiary progress toward personal goals within a trust is a nuanced but increasingly popular approach …
What happens if the beneficiary becomes ineligible for government benefits?
The potential for a beneficiary to become ineligible for government benefits, such as Medicaid or Supplemental Security Income (SSI), is …
Can I include digital tools to track estate assets and distributions?
The increasing digitization of our lives extends to estate planning, offering modern solutions for tracking assets and managing distributions; however, …
Can I separate healthcare and financial powers of attorney?
Yes, you absolutely can, and often it’s a strategically sound decision to do so, as separating these two types of …
Can my trust be the beneficiary of another trust?
Yes, your trust can absolutely be the beneficiary of another trust, a practice known as a “trust-to-trust” distribution, and it’s …
Can I appoint a guardian for an adult child with cognitive disabilities?
Navigating the future care of an adult child with cognitive disabilities requires careful planning, and a critical component of that …
Can I plan for business succession in my estate plan?
Absolutely, integrating business succession planning into your estate plan is not only possible but often crucial for the continued health …
Can I require digital literacy training before financial access?
The increasing digitization of financial services presents both opportunities and challenges, and the question of whether to require digital literacy …
What’s the best way to find a reliable estate planning attorney nearby?
Rain lashed against the windowpanes, mirroring the turmoil in Clara’s heart. She clutched her late husband’s faded will, its legal …