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The ABA’s Real Property, Probate and Trust Section held its annual conference in late April. In the “Planning Thoughts” section of this issue of Estate Planning Report, we report on one of the conference presentations, “Estate Planning in an Era of Enhanced Enforcement.” The administration’s “Greenbook” for fiscal 2023 has been released, and it gives estate planners much to think about.
 
In this issue you’ll also find:
 
• Individual income tax collections are on track to reach a record $2.6 trillion in the current fiscal year.
Recitation of governing law does not establish a trust’s situs.
Sham trust is ignored for federal tax purposes. Attorney is sanctioned for frivolous arguments.
Stepdaughter disinherited by divorce.
• SECURE Proposed Regs. released.”

We also work closely with our clients and their legal advisors during the estate planning process. If you’re reviewing your will and trust arrangements or have clients that are, our practical experience is yours to draw upon.
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Investments are not deposits, not insured by the FDIC, not guaranteed by the Bank or any Federal Government Agency and may lose value. This newsletter is being made available for educational purposes only and should not be used or construed for any other purpose. The information contained herein does not and should not be construed as an offering for advisory services. Certain information contained herein is based on or derived from information provided by independent third-party sources. Orange Bank & Trust Company believes that the sources from which such information is derived is reliable; however it cannot guarantee the accuracy of such information or the assumptions upon which it is based.

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