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.

Biometric information is now used in many different ways these days. How it is used, and protected, is something we need to be concerned about, both while the individual is alive, and when and how it can be used after the individual’s death.