The Court held that a corporation’s contractual obligation to redeem the stock of one of its shareholders was not a liability or debt.

There does not seem to be a consensus if a grantor Trust is to be treated as a separate legal entity or not. The Courts apparently are not really sure. This decision can have tax implications when a grantor Trust ceases to be a grantor Trust.

Often it is unfortunate that a Trust’s distribution provisions obfuscate if the Trust is intended to be a discretionary trust or a support trust.

The 6-year statute of limitations applies when a claim is made that a settlor mistakenly gave to a trust beneficiary a limited power of appointment.

A Trust can be classified for many different reasons, or provisions, as a grantor Trust, which may or may not be in the settlor’s best interest.

In a couple of situations there is an automatic waiver when there’s a failure to take a required minimum distribution.

The SECURE Act 2.0 expands the availability of hardship withdrawals.

: As the cost of healthcare explodes, along with escalating health insurance premiums, it may be time to take a second-look at funding a health savings account (HSA.)

Starting this year a qualified elective deferral retirement plan may have ‘linked’ to it an emergency savings account that has a balance up to $2,500.

If a donor intends that a lifetime gift is to be an advancement of the donee’s future inheritance, that intent must be indicated by the donor in a contemporaneous writing.