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Trust Planning After the New Tax Law

New perspectives that may be useful to some clients.
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President Donald J. Trump signed into law the Tax Cuts and Jobs Act of 2017 (the Act) (more formally referred to as “An Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget”) on Dec. 22, 2017.1 The Act made many significant changes directly affecting trust taxation and planning. Some include:

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