Can I set up a trust to fund a startup for a beneficiary?
Yes, establishing a trust to fund a startup for a beneficiary is absolutely possible, and increasingly popular as entrepreneurial ventures …
Can I enforce performance reviews for trustee responsibilities?
The idea of formally “enforcing” performance reviews for trustee responsibilities isn’t typically how trust administration works, but the *concept* of …
Can I require beneficiaries to meet certain criteria before distribution?
The question of whether you can require beneficiaries to meet certain criteria before receiving distributions from a trust is a …
Can the trust allow early payouts in hardship cases?
Trusts, while often perceived as rigid financial structures, can indeed be drafted to accommodate early payouts in genuine hardship cases, …
Can I assign maintenance clauses for heirloom objects in a testamentary trust?
Yes, you absolutely can, and often should, assign maintenance clauses for heirloom objects within a testamentary trust. A testamentary trust, …
Can the trust create a reserve to cover trust litigation costs?
Trust litigation, defending or pursuing claims related to a trust’s administration or validity, can swiftly deplete assets, potentially defeating the …
Can a special needs trust cover the cost of certification in a hobby-related skill?
The question of whether a special needs trust (SNT) can cover the cost of certification in a hobby-related skill is …
Can I assign a family ombudsman to mediate internal trust disputes?
The idea of appointing a family ombudsman to navigate the often-turbulent waters of trust disputes seems appealing—a neutral party to …
Can I link a portion of trust distributions to ESG benchmarks?
The question of linking trust distributions to Environmental, Social, and Governance (ESG) benchmarks is gaining traction as beneficiaries increasingly desire …
Does a revocable trust protect against Medicaid estate recovery?
The question of whether a revocable trust shields assets from Medicaid estate recovery is complex and heavily dependent on state-specific …