Do beneficiaries pay taxes on testamentary trust distributions?
Yes, beneficiaries generally do pay taxes on distributions they receive from a testamentary trust, although the specifics can be complex …
Can I limit what types of assets the trust can invest in?
Absolutely, you can and often should limit the types of assets a trust can invest in, tailoring it to your …
Is a living trust suitable for single individuals?
For single individuals, the question of whether a living trust is suitable often arises from a misunderstanding that these estate …
Can I mandate equalization clauses for lifetime gifts?
Equalization clauses in the context of lifetime gifts allow a settlor—the person making the gift—to treat gifts made during their …
What happens if a trust becomes insolvent?
Trust insolvency, while not a frequent occurrence, presents a complex legal situation that requires careful navigation. It arises when a …
Can the trust support development of family-focused mental health resources?
Establishing a trust isn’t solely about financial legacies; it’s a powerful tool for enacting deeply held values, and increasingly, families …
Who has the best track record for estate planning attorney near by?
The phone rang, its shrill tone piercing through Sarah’s concentration. It was her aunt Eleanor, her voice trembling with a …
Where should I search for high-quality estate planning lawyer near me?
The frantic email arrived late Tuesday night, subject line screaming “URGENT!”. My sister’s face, pale and drawn, stared back from …
How Can an Irrevocable Trust Help Protect My Assets?
The phone slipped from Maria’s grasp, clattering onto the hardwood floor. Tears welled in her eyes as she stared at …
Who Troubleshoots Issues With Power Of Lawyer Near Me?
The phone slipped from her trembling hand, clattering onto the linoleum floor. Elena stared blankly at the hospital room door, …