Can the trust support internships or fellowships that are unpaid?
Establishing a trust to fund educational opportunities like internships and fellowships is a thoughtful way to create a lasting legacy, …
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Can I grant income-based inheritance bonuses?
The concept of tying inheritance to specific achievements or behaviors, including income levels, is an increasingly discussed topic in estate …
Can a testamentary trust fund travel or relocation costs?
A testamentary trust, established through a will and coming into effect after someone passes away, can absolutely be used to …
What happens if the trust isn’t properly funded?
A trust, meticulously crafted by an attorney like Steve Bliss, is a powerful tool for estate planning, but it’s essentially …
Can I create restrictions based on the political activity of heirs?
The question of whether you can legally restrict distributions from a trust based on an heir’s political activity is complex …
Can a trustee be sued? Trustees hold a position of significant responsibility, managing assets for the benefit of beneficiaries, and unfortunately, that responsibility also comes with the potential for legal action; a trustee *can* indeed be sued, and lawsuits against trustees are surprisingly common, accounting for a substantial portion of probate and trust litigation. These suits often arise from alleged breaches of fiduciary duty, mismanagement of trust assets, or conflicts of interest, and the stakes can be high, potentially involving significant financial losses for the beneficiaries.
What are the common grounds for suing a trustee? Several scenarios can lead to a lawsuit against a trustee. A …
Can I prevent trust access for heirs who contest the arrangement?
The question of disincentivizing trust contests is a common concern for many estate planning clients, and yes, it is often …
Can I designate separate trustees for separate asset categories?
The question of whether you can designate separate trustees for different asset categories is a common one in estate planning, …
Can I establish a special needs trust in my estate plan?
Absolutely, establishing a special needs trust is a crucial step in estate planning for families with loved ones who have …
Can the trust be used to settle inter-family debts?
The question of whether a trust can be used to settle inter-family debts is a common one, and the answer …