As a Trustee, you have a duty to the beneficiaries of the trust to be informed regarding tax planning, or at the very least hire qualified professionals to assist with appropriate tax planning on behalf of the trust. This article will provide a brief overview of the provisions contained in The Inflation Reduction Act of 2022 (the “Act”) and how they might affect your beneficiaries, or you, in your fiduciary role as Trustee.
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