Matt McClintock co-authored an article with our partners at Two Ocean, Joel Revill and Cassie Hoffman, diving into the structure of a private trust company. This article explores the strategic...
Two Ocean Trust feature: Private Trust Companies
Trust Administration
IRS Considers Additional Regulations on Anti-Clawback Rules and the Unified Credit
by Thomas F. RuBane, JD In 2017, Congress passed the Tax Cuts and Jobs Act (TCJA). Part of the TCJA dealt with the Unified Credit, which at that time stood at $5 Million. The Unified...
Choosing Favorable Trust Jurisdictions for Maximum Benefit
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...
Professional Trustee or Private Family Trust Company – What’s the difference?
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...
Fixing Broken Trusts
Although there are several moving parts to fix a broken trust, the result is a much better trust that protects the beneficiaries and preserves their inheritance for them.