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Are distributions reported to the IRS?

June 6, 2025 by admin

Yes, distributions from trusts and estates are generally reported to the IRS, ensuring transparency and proper tax compliance. This reporting …

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Can a testamentary trust be used to control asset distribution?

June 6, 2025 by admin

A testamentary trust, created within a will, is a powerful tool for dictating *when* and *how* your assets are distributed …

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Can a trust help pay for disability-inclusive financial education?

June 6, 2025 by admin

Financial literacy is crucial for everyone, but individuals with disabilities often face unique challenges in accessing effective and inclusive financial …

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Can a bypass trust support tenant housing for non-beneficiary caregivers?

June 6, 2025 by admin

The question of whether a bypass trust can support tenant housing for non-beneficiary caregivers is complex, involving nuanced estate planning …

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Does a revocable trust protect against Medicaid estate recovery?

June 5, 2025 by admin

The question of whether a revocable trust shields assets from Medicaid estate recovery is complex and depends heavily on state-specific …

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Can a person with a mental illness be a beneficiary of a special needs trust?

June 5, 2025 by admin

Yes, a person with a mental illness can absolutely be a beneficiary of a special needs trust, and in many …

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How does an irrevocable trust affect my eligibility for financial aid?

June 5, 2025 by admin

Navigating the financial aid landscape can be complex, and the inclusion of an irrevocable trust adds another layer of consideration …

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What are the tax filing requirements for a revocable trust?

June 5, 2025 by admin

A revocable trust, also known as a living trust, is a popular estate planning tool allowing individuals to maintain control …

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Can I establish a bypass trust using proceeds from a structured settlement?

June 5, 2025 by admin

The question of utilizing proceeds from a structured settlement to fund a bypass trust – also known as a disclaimer …

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How do I clarify confusion around advice from my estate planning attorney near by

June 5, 2025 by admin

The phone slipped from Maria’s hand, clattering onto the hardwood floor. Her lawyer’s words echoed in her mind: “irrevocable trust”, …

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