Central Intelligence

It’s easy to stay current with important court rulings and legislative updates that impact our industry by checking out the summaries we provide in our monthly Central Intelligence publication.

This issue includes:

• American Rescue Plan Act of 2021 brings third wave of COVID-19 relief provisions
• IRS extends federal income tax return filing due date because of ongoing pandemic
• State Supreme Court finds nonjudicial trust modification invalid as violating material spendthrift provision
• Appeals Court finds “Spouse” is not a class designation in trust
• Trustees not required to reimburse trust beneficiaries for taxes incurred

Don’t forget that the last page of this newsletter contains the latest interest rate information applicable to advanced planning concepts.