When a trustee dies, the duty to inform and account passes to the trustee’s estate representatives.

What follows is a last look at what happened in 2023 regarding retirement plan contributions, distributions and decisions that impact saving for retirement.

There is a push to delay some of the reporting deadlines that are contained in the Corporate Transparency Act.

A trustee has a duty to change the situs of the Trust it administers to minimize, or completely avoid, the imposition of state income taxes on the Trust’s accumulated income.

The tax benefits from owning qualified small business stock (QSBS) can be enhanced if the sales proceeds are rolled into a new QSBS investment.

Michigan now has a silent trust statute. Is that a good thing?

Some states now offer the use of a community property trust, even for nonresidents. While the tax savings using a community property trust can be extraordinary, there are still some risks in their use.

The use of a domestic asset protection trust (DAPT) often attracts a considerable amount of negativity, some finding them to be morally wrong, or per se a fraudulent transfer. Yet the negative connotations associated with a DAPT are often the product of egregious facts that lead a court to place the DAPT’s in jail for flaunting the court’s order.

Some of the provisions of the SECURE Act 2.0 that need fixing may soon take place.

We may soon learn if it is constitutional for Congress to tax unrealized appreciation, aka impose a wealth tax.