Trusts and Estates
Ca. Trs. & Estates Quarterly 2021, Volume 27, Issue 1
Content
- 2020 Legislation: a Short Legislative Session With Surprises
- Advanced Planning - a Decade In Review: What Have We Learned Over the Last Decade and Where Are We Headed?
- Chairs of Section Subcommittees
- Editorial Board
- From the Chair
- From the Editor-in-chief
- How Much Is Too Much? Trustee Compensation and An Analysis of California Rules of Court, Rule 7.776
- Inside this Issue:
- Litigation Alert
- Tax Alert
- When Is Enough, Enough? Judicial Trustee Removal and Trolan V. Trolan (2019) 31 Cal.App.5Th 939
- Tips of the Trade: the Irs Will Get Its Money, Just Not From Your Client-fiduciary
TIPS OF THE TRADE: THE IRS WILL GET ITS MONEY, JUST NOT FROM YOUR CLIENT-FIDUCIARY
By Michael A. Gorini, Esq.*
MCLE Article
I. INTRODUCTION
The purposes of a trust administration and a probate administration are identical: settle the decedent’s affairs and provide finality for the decedent’s successor(s) in interest. This article focuses on a common professional practice that undermines that goal of finality, namely: the withholding of a reserve amount for potential federal estate or income tax liabilities.