March 2011 Trusts & Estates Newsletter

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March's topics include the Trustee's power to adjust under the provisions of the Uniform Principal & Income Act and how electing modified carryover basis for 2010 estates effects the basis of assets for state purposes.

There is also a detailed example of how to compute the Income Distribution Deduction as well as other informative information related to tax filings for fiduciaries.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Thomas Mohle | Attorney Advertising

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