Trusts

The court unanimously agreed that a non-contingent beneficiary's residence was not enough of a reason for a state to tax a trust.

The justices questioned a state’s ability to tax income from a trust based on the beneficiaries residing there before taking any distributions.

Officials unleashed a burst of subpoenas seeking financial records that would reveal whether the president is profiting off foreign governments.

Austria is trying to free about 70 billion euros ($80 billion) of capital locked in a “golden cage” the country created a few decades ago.

The service is showing signs that it’s planning to issue regulations on the deductibility of expenses for estates and trusts in the wake of the new tax law.

The upcoming rules may affect one tactic that some wealthy taxpayers have been using to get around the cap on deducting local property taxes.

Jonathan Blattmachr, an estate planning lawyer, is such a fan of the strategy he’s created to help some of his wealthy clients get around the new property tax deduction cap that he’s using it himself.

Many of the biggest beneficiaries of President Donald Trump’s tax overhaul haven’t even been born yet.

Ever since the passage of the Tax Cuts and Jobs Act, the headlines have been buzzing about the resulting income tax consequences for individuals and businesses, but what about the intersection with estate planning?

The Financial Accounting Standards Board aims to improve financial reporting for an interest in a master trust.