Key Fiduciary Issues to Consider in 2024Key Fiduciary Issues to Consider in 2024

There are many reasons it’s exciting (and daunting) to be a fiduciary in times of seismic change. Shifting tax rules, complex investment vehicles, new fiduciary legislation, technological innovations and evolving donor and beneficiary expectations all combine to challenge a trustee’s way of doing things. How do fiduciaries evolve and fit new situations into rubrics of laws that have their bases in the Middle Ages? Here are some things we see on the horizon.

Sunset of TCJA

Since 2017, we’ve been preparing for the Dec. 31, 2025 sunset¹ of the Tax Cuts and Jobs Act (TCJA) and its historically high basic exclusion amount that currently shields $13.61 million in assets from the gift, estate and generation-skipping transfer (GST) tax. Taxpayers...