Can a CRT support innovation challenges or competitions hosted by a charity?
Charitable Remainder Trusts (CRTs) are powerful estate planning tools enabling individuals to donate assets to charity while retaining income for …
Can a CRT generate unrelated taxable income that must be reported?
Charitable Remainder Trusts (CRTs) are powerful estate planning tools, but it’s a common misconception that they are entirely tax-free once …
Can I provide a trust fund for non-family caregivers?
The question of whether you can establish a trust fund for non-family caregivers is complex, steeped in both legal and …
Can I add assets to a CRUT but not to a CRAT?
The fundamental difference between Charitable Remainder Unitrusts (CRUTs) and Charitable Remainder Annuity Trusts (CRATs) lies in how distributions are calculated …
What documents should accompany a trust for real estate transfers?
Transferring real estate into a trust is a crucial step in estate planning, offering benefits like probate avoidance and simplified …
Can I use the bypass trust to support a startup incubator?
The question of utilizing a bypass trust—a specific type of irrevocable trust often employed in estate planning—to fund a startup …
Can I defer taxes through a trust?
The question of whether you can defer taxes through a trust is a common one, and the answer, as with …
Can I make provisions for cryptocurrency custody in a testamentary trust?
The increasing prevalence of digital assets like Bitcoin, Ethereum, and others necessitates careful consideration within estate planning, particularly regarding testamentary …
Can a special needs trust pay for professional wardrobe consulting?
The question of whether a special needs trust can cover expenses like professional wardrobe consulting is surprisingly complex, hinging on …
What happens to trust income not distributed in a given year?
Trusts are powerful tools for managing assets and ensuring your wishes are carried out, but understanding the tax implications of …