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Posts from July 2018.
By Serafina Nicolais on July 30, 2018 at 10:10 AM

Hands protecting a drawing of money on a chalkboard, with a bunch of chalk question marks surrounding itMany people who create irrevocable trusts are uncomfortable giving up control of their assets to a trustee, especially a corporate trustee. Even if the trustee is a trusted individual, it is increasingly likely that the trust could last for many years. As a result, the trustee may experience changes in the law that could negatively impact carrying out the settlor’s intent. The following Q&A addresses ways to mitigate concern with a long-lasting irrevocable trust by using a trust protector.

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By Trusts & Estates Practice Group on July 18, 2018 at 11:20 AM

IRS releases AFRs for August 2018The Internal Revenue Service has released the Applicable Federal Rates (AFRs) for August 2018. AFRs are published monthly and represent the minimum interest rates that should be charged for family loans to avoid tax complications.

Here are the rates for August 2018:

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