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Certain Expenses Of A Trust Are Still Deductible
Category: Tax , Trusts and Estates
The Tax Cuts and Jobs Act (TCJA), while lowering taxes for most, raised them for a few. One group of those few taxpayers for whom taxes went up under TCJA were certain trusts and estates (generally those with large investment advisory fees or certain other expenses). The issue for these trusts is…
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With All My Electronic Goods I Do Thee Endow—Digital Asset Planning For The 2020s And Beyond
Category: Tax , Trusts and Estates
Hey Siri, how do I get everything on this iPhone to my loved ones if something happens to me (or make sure it’s deleted)? If you ask Siri this question, she will (as is all too common) not give you the right response, and point you to the Internet. Hopefully, with the addition of this blog post…
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Hindsight in 2020: The Biggest Reasons Relatives Wish Their Loved One Had An Estate Plan
Category: Tax , Trusts and Estates
We have all heard the phrase that hindsight is 20/20. Often, going through a situation is one of the best ways to learn how to navigate it, or help others, if one encounters a similar scenario in the future. But what about when the difficulty of a situation falls on others, who have no power to…
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