The American College of Trust and Estate College News | The American College of Trust and Estate Counsel

Common IRA Beneficiary Scenarios

There are no do-overs with IRA beneficiaries! Understand the typical IRA beneficiary scenarios and why it’s critical to review every time you set up an IRA.

Understanding Funding Agreements

Learn key elements that should be included in funding agreements including five essential recommendations to help them stand up to court scrutiny.

Migrating Clients from Common Law to Community Property States (and Vice-Versa)

Hear guidance for clients moving from a common law to a community property state, how to avoid common mistakes, and differences between community property states.

Cryptocurrency in Retirement Accounts

Can retirement accounts hold cryptocurrency? Guidance on what’s allowed, the legal uncertainties, risks and benefits of cryptocurrency in IRA and 401k accounts.

IRS Proposes Mortality Assumptions Update for Section 7520

Updated IRS mortality assumptions have arrived. An overview of the updated tables, how the numbers work, and actions to consider before regulations become final.

Paying and Reducing Estate Tax with a Graegin Loan

Learn how to use a Graegin loan to pay for and reduce estate tax when interest rates are high, and how to avoid Graegin loan missteps.

Tips for Managing Digital Assets of a Deceased or Disabled Person

Tips for adding a legacy contact to email/social media accounts; recommendations for executors accessing digital property of disabled/deceased persons with no legacy contact.

Estate Planning Opportunities in a Time of Rising Interest Rates

A trust and estate expert shares insights on opportunities available for planners and their clients during the current rising interest rate environment.

ACTEC Submits an Amicus Brief in Alexandru Bittner v. United States with the Supreme Court. (August 16, 2022)

An amicus brief in Alexandru Bittner v. United States was filed on August 16, 2022, with the Supreme Court by ACTEC. This is an important case dealing with the Bank Secrecy Act (“BSA”) which presently authorizes a $10,000 civil money penalty for foreign account reporting violations that are non-willful, and which do not satisfy the reasonable cause exception. Oral argument in Bittner is set for November 2.

A Surge of Administrative Guidance by Ronald D. Aucutt

Reflections regarding four significant topics the U.S. Treasury and IRS have released guidance on Anti-Clawback Regulations, Estate Tax Deductions, Portability Elections, and Section 7520.

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