Are there penalties for not following the trust terms?
Yes, there can be significant penalties for not following the terms outlined in a trust document, ranging from minor inconveniences …
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Can a trust guarantee down payments for home purchases?
The question of whether a trust can guarantee down payments for home purchases is complex, but generally, yes, it is …
What role does a notary play in trust creation?
The role of a notary public in trust creation, while seemingly minor, is absolutely critical to ensuring the legal validity …
Can I require a review panel for changes to trust leadership?
Establishing a review panel to oversee changes in trust leadership is a proactive measure many individuals and families consider when …
Can a trustee be required to consult a panel before major decisions?
The question of whether a trustee can be required to consult a panel before making major decisions is complex, deeply …
Can a special needs trust fund access to disability-themed literature?
That’s a surprisingly complex question, as special needs trusts are designed to supplement, not replace, government benefits, and seemingly innocuous …
Can I include provisions for automatic income reduction after certain thresholds?
Yes, you absolutely can include provisions for automatic income reduction after certain thresholds within a trust, and it’s a surprisingly …
How do testamentary trusts fit into long-term estate planning?
Testamentary trusts are powerful tools within a comprehensive estate plan, activated by the provisions of a will after someone passes …
Can I include succession for trustee roles in my estate planning?
Absolutely, including succession for trustee roles is a vital component of comprehensive estate planning, ensuring a smooth transition and continued …
Can I direct that only the income from a trust be distributed?
Yes, you absolutely can direct that only the income from a trust be distributed, and this is a common and …