MATTERS of TRUST, published by Paine Law Group, focuses on legal issues related to trusts, estates, and partnership taxation. The blog covers topics such as changes in tax audit rules affecting LLCs and partnerships, enforceability of charitable pledges, fiduciary duties and trust administration, trust decanting, estate tax liens, and investment strategies for various types of trusts. It also discusses family business succession planning, generation skipping transfer taxes, and developments in uniform fiduciary laws. The content is aimed at trustees, beneficiaries, estate planners, and legal professionals involved in trust and estate matters.
Please note: Throughout this article, reference to “partnerships” includes LLC’s taxed as partnerships, and reference to “partners” includes members of LLC’s taxed as partnerships.
For tax years 2018 and beyond, the IRS will begin implementing new audit rules directed…
In 2010, Warren Buffett and Bill Gates made their Giving Pledge campaign public. The Giving Pledge asks some of the wealthiest people in the world to donate at least half of their wealth to charity during lifetime or at their…
Around The Water Cooler we typically do not dive into discussions about law review articles. However, several outstanding law review articles have been published in the past year which deserve the attention of trustees, trust beneficiaries and others involved in…
Around The Water Cooler this morning, we’re talking about impact investing, family business succession planning, and estate tax liens.
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Around The Water Cooler this morning, we’re talking about investing trust assets, trust distributions for health and education, generation skipping transfer taxes, and the Uniform Fiduciary Principal and Income Act.
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Around The Water Cooler this morning, we’re talking about trust investments, the importance of updating retirement account beneficiaries, and “directed trusts.”
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Around The Water Cooler this morning, we’re talking about “Generative Trusts” and taxes.
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The Act provides unique planning opportunities, but it also presents potential pitfalls for estate plans drafted before 2018. It is critical that clients review current plans to ensure that they meet tax and non-tax objectives and determine if they want…
In a highly anticipated opinion, the Pennsylvania Supreme Court has prevented an end around the no fault removal provision of Uniform Trust Code (“UTC”) Section 706. As we discussed in “An ‘End Around’ Trustee Removal,” UTC Section 706…
A. M. Publishing recently released its 2017 Trust Performance Report. The Trust Performance Report is based on an annual survey of financial institutions which offer trust administration services.
The aggregate data in the 2017 Trust Performance Report and its sister…
