Article on Tax Reform Implications for Fiduciaries

Nicole Pursley recently published an article entitled, Tax Reform Implications for Fiduciaries, Wealth Strategies Journal, March 4, 2020. Provided below is a summary of the Article.

The Tax Cuts and Jobs Act of 2017 (the Tax Act) made significant changes to the United States Tax Code, with implications on virtually all areas of taxation, including some that affect fiduciaries. This article provides a broad overview of some tax implications that may be of importance to trust and estate professionals. The primary areas of focus are related to the 199A deduction, Opportunity Zones, section 1202, and minimizing state income taxes with the use of non-grantor trusts.

Special thanks to Lewis Saret (Attorney, Washington, D.C.) for bringing this article to my attention.