For many aircraft owners, the ongoing costs and risks of ownership, including maintenance, administration, and liability, might prompt some to pursue avenues that allow them the benefits of easily accessible air travel while reducing the burdens of ownership.
Generally, the trust protector is granted the power to modify the trust in order to preserve the settlor's intent. They can make these changes without court intervention â€“ a key benefit which saves time and money while preserving privacy. Learn about more benefits.
â€‹Individuals can expect a few costly and administrative consequences if they miss Required Minimum Distributions (RMDs) for retirement accounts.
Some trust administration matters could surprise an unsuspecting trustee. Our trust attorneys in Chapel Hill compiled a few anticipatory items that trustees might find useful if they are forecasting trust issues or handling a problem that requires immediate action.
IRA trust documents might need revisions due to a new final rule released by the Department of Labor.