The Often Forgotten Fiduciary Income Tax Obligations of Trusts

By WealthCounsel Staff on May 28, 2021 10:00:00 AM


Although trusts are effective estate-planning tools used to avoid probate and minimize estate and gift taxes, their income-tax implications must also be considered to ensure that there are no unintended tax consequences. The drafting attorney should point out the advantageous and disadvantageous fiduciary income-tax implications for the type of trust being considered and then determine which trust is the best fit for the client. 

Continue Reading

Navigating the Trust Administration Journey

By WealthCounsel Staff on May 21, 2021 10:00:00 AM


Navigating a postdeath trust administration can be daunting, and attorneys must have the necessary skills, knowledge, and competence to diligently and effectively provide legal services to fiduciary clients during this process.

Continue Reading

2021 Document Management Buyers Guide For Attorneys

By WealthCounsel Staff on Apr 30, 2021 10:00:00 AM


We are excited and honored to announce our participation in the 2021 Document Management Buyers Guide! The e-book, released by Legal Tech Publishing, spotlights innovative legal technology products for attorneys.

Continue Reading