Section 6034A of the Code requires the trustee of the trust to provide each beneficiary with “a statement containing such information required to be shown on such return as the Secretary may ...

but did not go into the duties the Trustee of a Trust owes to the Trust’s beneficiary. To summarize, a Trust is an agreement written by the owner of the property, which gives legal title to the ...

Practical issues will arise with the use of incentives. How burdensome will it be for the trustee to monitor the beneficiary’s achievements? Will the beneficiary be expected to self-report their ...

Referred to as “HEMS,” this ascertainable standard is frequently used by estate planners to determine how and when a trustee may make distributions, allow a beneficiary the opportunity to ...

Recent changes in the law affect estate planning and could provide a template for our New Jersey legislature to improve ...

In In re Est., the court of appeals dealt with whether a contingent beneficiary can file claims against a trustee. No. 02-23-00104-CV, 2024 Tex. App. LEXIS 1878 (Tex. App.—Fort Worth March 14 ...

Trusts provide professional management of assets for beneficiaries who either do not want to spend their time on such matters or perhaps do not possess the required skills. Trusts may also provide ...

In that case, ask yourself: Do the proposed successor trustee and beneficiary get along? Is there any emotional baggage (sibling rivalry) that may impede the successor trustee’s independent ...