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Compare Domestic Asset Protection Trust Provisions by State

Posted on: March 29th, 2017
Domestic Asset Protection Trust statutes have been enacted in numerous jurisdictions over the past decade. Understanding the flexibility and restrictions pertaining to DAPTs within each state can help individuals select an ideal jurisdiction for their asset management needs...

3 Things to Know About the Final DOL Fiduciary Rule

Posted on: March 28th, 2017
The DOL proposed to amend regulations governing the actions of fiduciaries. The new fiduciary rule takes effect this year. The fiduciary rule may affect IRA trustees and custodians of IRA trusts....

How Standalone Retirement Trusts May Be Affected by the End of Stretch IRAs

Posted on: March 27th, 2017
The pending phase-out of the stretch IRA has many account owners and advisors reviewing existing plans. The end of the stretch IRA would impact Standalone Retirement Trusts....

Retroactive Trust Modification? It’s Possible

Posted on: March 24th, 2017
The IRS released a Private Letter Ruling last month that ruled in favor of retroactive trust modification. Here are a few factors to consider with this case involving tax benefits associated with modification of irrevocable trusts....

TrustCounsel Launches Trust, Probate, and Tax Law Legal Library

Posted on: March 23rd, 2017
​In case you missed it, TrustCounsel launched a collection of legal resources in January 2017. Created to enlighten individuals and legal practitioners on critical matters that surface in trust and estate administration, the Legal Library will be updated on a regular basis to address contemporary issues pertaining to probate, trusts, and related tax matters. ...

IRS Estate Tax Transcript in Lieu of Closing Letter

Posted on: March 22nd, 2017
The IRS recently issued Notice 2017-12 describing new procedures for closing federal estate tax returns. Estate tax closing letters are not recognized as a formal closing agreement. Taxpayers must request a transcript....

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