When a Non-Grantor Trust Might Be Useful

One of the many factors to consider when setting up a trust is whether to make it a grantor trust or a non-grantor trust. While a grantor trust is more common, a non-grantor trust can be useful in certain circumstances.  A grantor trust is any trust in which the...

What to Do About an Unwanted Inheritance

While an inheritance is usually desired, there are some circumstances in which it might be unwelcome. If you don’t want an inheritance, you must disclaim it.  Most people who receive an inheritance are honored, but for some, it can be more of a burden than a...

What are a Special Needs Trustee’s Record-Keeping Duties?

One of the most important roles in a special needs plan is that of trustee, the person who administers a special needs trust (SNT). Of a trustee’s many responsibilities, record-keeping is perhaps the most crucial. Because the trustee is managing accounts on behalf of...