The IRS just released Final Regulations, Notices, and a Revenue Procedure on the reporting requirements for digital asset custodians.

IRA custodians may have a fair amount of latitude when it comes to titling an inherited IRA, which means that ‘all IRA custodians are not alike.’

Michigan has a new purpose trust statute.

The trustee’s failure to provide written Crummey withdrawal notices to a trust beneficiary is not a reason to lose sleep.

Investing in a non-fungible token (NFT) may provide an exciting investment opportunity, but its tax and administrative complications could easily outweigh the benefits of such a speculative investment.

In the past we have covered that a Trust is not a contract with the beneficiaries. No, it is a fiduciary relationship, not a contract. In the same vein, some think that a trustee acts as the agent for the trust beneficiaries.

A directed Trust can override the duty of diversification under the Prudent Investor Act.

The IRS just made it a bit easer to apply for an extension of time to make generation skipping transfer tax (GST) elections.

The IRS continues to ramp up its challenge to claims of tax-exempt status by organizations that are created to facilitate name, image, and likeness (NIL) opportunities between student-athletes and their universities.

FDIC insurance coverage for trust accounts just changed, and maybe not for the better.