Trust Update Newsletter

New IRS webpages

The IRS has established www.irs.gov/coronavirus to provide information specifically related to the pandemic. News releases, statements, and guidance will be collected there. The initial statement concerned health savings accounts and high-deductible health plans. “Health plans that otherwise qualify as HDHPs will not lose that status merely because they cover the cost of testing for or treatment of COVID-19 before plan deductibles have been met.”

A guide to our trust services

Trusts are not as mysterious as most people seem to think, and technological advances have made trust-based financial planning accessible to more and more families. That’s one reason why discussions of trusts seem to be popping up in the popular press more and more.

Investing – Steady Hands

“This time it’s different.” That’s a phrase we usually associate with market tops. Just before the internet investment bubble burst, for example, we heard rosy economic forecasts and excellent rationalizations for inflated stock values. As we know, markets will right themselves; bubbles will burst. 

Estate Planning

Cosden’s revocable trust became irrevocable at her death in 2010. The trustees of the trust were Yvonne’s only Yvonne child, Christopher, and Yvonne’s personal assistant and friend, Joseph Horgan…

Total Return Trusts

Trust income shall be paid to my wife at least annually, and the trust remainder shall be paid to my children at her death.” That common phrase, familiar to generations of trust lawyers, sounds simple, but it is not. What is “income”?

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