Can I include professional training for trustees in the trust terms?
Absolutely, incorporating provisions for professional trustee training within the terms of a trust is not only permissible but increasingly advisable, …
Can I require publication of an annual family impact report?
The idea of a family impact report, much like a financial audit but focused on the well-being of loved ones, …
Can I require dispute resolution by arbitration or mediation?
Yes, you can absolutely require dispute resolution by arbitration or mediation, and incorporating these clauses into your estate planning documents, …
Can I support global citizenship programs through the trust?
Yes, you absolutely can support global citizenship programs through your trust, and it’s a powerful way to extend your philanthropic …
Can I direct part of the trust to fund internships for beneficiaries’ children?
Absolutely, a trust can be specifically designed to allocate funds towards internships for the children of your beneficiaries, offering a …
Can I link funding to beneficiaries’ children’s performance or behavior?
The question of whether you can link funding within a trust to a beneficiary’s children’s performance or behavior is a …
Can the trust fund communication devices or apps?
The question of whether a trust fund can be used to fund communication devices or apps—smartphones, tablets, data plans, and …
Can I require dispute resolution by arbitration or mediation?
Yes, you absolutely can require dispute resolution by arbitration or mediation, and it’s becoming increasingly common in estate planning to …
Can a special needs trust fund long-term storage of medical records?
The question of whether a special needs trust (SNT) can fund the long-term storage of medical records is multifaceted, requiring …
Can I create an ethical will alongside my legal estate plan?
An ethical will, also known as a legacy letter, is a powerful document that complements a traditional legal estate plan, …