Understanding Time Limits for Trustee Accountings: How Trustees Can Limit Their Responsibility – Smith Legacy Law

1. Dolly Parton is known for her philanthropy and has valuable lessons to teach about doing good.
2. After winning a litigation and receiving a money judgment, individuals may wonder what to do next.
3. Non-citizens in the US do not receive all the tax benefits and estate planning considerations that US citizens do.
4. It is important for every adult to have an estate plan in place to ensure their wishes are implemented after their passing. – Congress will need to address the sunset provisions of the Tax Cuts and Jobs Act in 2024.
– There are questions about whether Congress will extend the high estate tax exemption introduced in 2017 or allow it to expire in 2025.
– The upcoming election year adds uncertainty to how much work Congress will be able to accomplish.

What Trustees Need to Know About the Statute of Limitations on Fiduciary Accountings