What Are Conservatorships?
Conservatorships are legal arrangements where a court appoints an individual or organization, known as the conservator, to manage the personal, …
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What is Double Dipping by a Trustee?
Double-dipping occurs when a trustee, who has a fiduciary duty to act solely in the best interests of the beneficiaries …
What is Coercion in Trust Formation?
Trusts are legal instruments designed to hold and manage assets for beneficiaries, often with specific instructions outlined by the grantor …
What is Arbitration in Trust Litigation?
Arbitration, often framed as a more efficient and private alternative to traditional courtroom proceedings, plays a significant role in trust …
What is a Trust Investment Policy Statement?
A trust investment policy statement (TIPS) is a crucial document that outlines the investment guidelines for a trust. It acts …
What is Actual Fraud vs. Constructive Fraud?
Understanding the distinction between actual fraud and constructive fraud is crucial in trust litigation. While both involve deceit and result …
What is a Successor Beneficiary?
In the realm of estate planning, understanding the nuances of beneficiaries and their roles is crucial. A successor beneficiary steps …
What is an Estate Tax Return?
An estate tax return, officially known as Form 706, “United States Estate (and Generation-Skipping Transfer) Tax Return,” is a document …
What Is A Simple Trust?
A simple trust, in its most basic form, is a legal arrangement where one party (the grantor) transfers assets to …
What is a Spendthrift Clause?
A spendthrift clause is a provision often included in trusts that aims to protect trust assets from being squandered by …