“Trustee Best Practices: How to Manage Responsibilities Carefully”

1. Dolly Parton is known for her philanthropy and has lessons to teach about doing good.
2. After winning a money judgment in a court case, individuals need to take steps to actually receive the funds.
3. Non-citizens in the U.S. may not receive the same tax benefits as citizens, which is an important consideration for estate planning.
4. It’s important to discuss estate planning with loved ones to ensure that your wishes are implemented after you pass away. 1. Congress may address the sunset provisions of the Tax Cuts and Jobs Act in 2024, an important election year.
2. One specific concern is whether Congress will extend the high estate tax exemption introduced in 2017, or allow it to sunset in 2025.
3. The uncertainty surrounding the tax cuts and jobs act may impact estate planning and financial decision-making for individuals and businesses.
4. The outcome of Congress’s decision on the sunset provisions may have significant implications for tax policy and the economy.

Best Practices for Trustees