T&E expert

T&E expert discusses the implications of IRS Chief Counsel Advice from 2023 on modifying trusts and their potential gift tax consequences. The conversation covers the complexities of beneficiary consent and its impact on trust distributions. Clarity in trust documents is emphasized to prevent legal challenges. Listeners gain insight into effective communication strategies with beneficiaries to mitigate tax implications. A must-listen for those navigating the intricate landscape of trust and estate law.