Tag Archives: trust activities

IRS Clarifies Deductibility of Trustee Fees from Trust Income

In a recent notice, the Internal Revenue Service released guidance clarifying that trustee and executor fees may continue to be deducted from a trust or estate’s income after the new tax reform law suspended the deduction of miscellaneous itemized deductions for by individual, trust and estate taxpayers.

Read More »

Value for Money

With customers fixated on fees in a competitive environment shaped by robo-advisers and digital disruptors, trust and wealth managers must prove their worth to clients of high net worth.

Read More »

OCC Finalizes EGRPRA-Related Regulatory Changes

The OCC today finalized a rule that would make several regulatory adjustments as part of its efforts under the Economic Growth and Regulatory Paperwork Reduction Act to reduce unnecessarily burdensome or outdated banking rules.

Read More »