The federal budget includes a new 30 per cent minimum tax on discretionary trusts. Experts say it is not just the ultra-wealthy that will be hit.

The Supreme Court of Nevada held recently that language in a discretionary trust allowing distributions as “necessary for the proper support, care, and maintenance” of a beneficiary didn’t require the ...

In Berlinger v. Casselberry, Case No. 2D12-6470, 6 (Fla. 2d DCA Nov. 27, 2013), the Florida Second District Court of Appeal upheld a writ of garnishment issued by a trial court against the trustee of ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. How does a trustee decide how and when to make ...

Discretionary distribution decisions are arguably the most difficult judgments faced by a trustee. Conscientious trustees spend significant time analyzing the trust instrument’s 1 dispositive ...

There are many reasons people place money in trust for their heirs. Trusts provide professional management of assets for beneficiaries who either do not want to spend their time on such matters or ...

"The good news is that the CCA was limited to a discreet issue involving a specific trust," writes Daniela P. Catrocho of Day Pitney. The bad news is that "the CCA could theoretically apply to other ...

More than 200,000 small businesses will be forced to rethink their tax arrangements in what’s being described as the biggest tax shake up facing family businesses in almost three decades.

In Berlinger v. Casselberry, Case No. 2D12-6470, 6 (Fla. 2d DCA Nov. 27, 2013), the Florida Second District Court of Appeal upheld a writ of garnishment issued by a trial court against the trustee of ...