by Matthew McClintock | Dec 27, 2021 | Estate Planning, Multistate, Strategic Legal Planning, Tax, Trust Administration
What is trust “situs” and why does it matter? The residence of a trust is called the trust “situs” and it may be determined by a combination of factors, including the terms of the trust, the location of the trust settlor, the location of the trustee(s), and the... by Matthew McClintock | Nov 22, 2021 | Blockchain, Cryptocurrency, Tax
On November 15, 2021 President Biden signed into law the Infrastructure Investment and Jobs Act (the IIJA). This act has been widely reported on in the news, mainly for its provisions dealing with physical infrastructure, such as roads and bridges. However, the act... by Matthew McClintock | Oct 14, 2021 | Asset Protection, Estate Planning, Philanthropy, Strategic Legal Planning, Tax
In June 2021, Senators King (I-Maine) and Grassley (R-Iowa) introduced the bipartisan Accelerating Charitable Efforts (ACE) Act. If enacted, this proposed legislation would modify the charitable deduction rules for contributions to donor-advised funds (DAFs) and... by Matthew McClintock | Sep 27, 2021 | Estate Planning, Inheritance, Privacy, Strategic Legal Planning, Trust Administration
by Julia L. Cronin, JD Many clients worry about the “shirtsleeves to shirtsleeves in three generations” adage, fearing the dissipation of the wealth they worked so hard to build. The concern is that descendants may be unable to effectively manage the wealth... by Matthew McClintock | Sep 16, 2021 | Asset Protection, Estate Planning, Privacy, Strategic Legal Planning, Tax
The most compelling estate planning strategies often include combinations of trusts that must be irrevocable to achieve specific objectives. Irrevocable trusts create legal “distance” between the trust’s creator and the full control over the trust. The result is...