Who cares? Donors, advisors, trust drafters, trustees, beneficiaries and state attorneys general.

Charitable bequests of Louis Armstrong, James Brown and Ray Charles.

They can be central factors, but it’s important to know the requirements and consequences.

Al W. King III describes how philanthropic goals and family desires can be accomplished with properly structured modern directed incentive trusts.

David A. Handler and Alison E. Lothes highlight the most important tax law developments of the past month.

Associate legal editor Anna Sulkin discusses this month's cover.

Editor in Chief Susan R. Lipp discusses this month's issue.

What the debate in Washington means for your clients' money—and their retirement.

Morgan Stanley fined for failing to supervise sales of UITs, Penn University wins dismissal of retirement plan lawsuit and Focus financial helps member firms merge.

Millennials view investing in companies as charity, Morgan Stanley offers advisors sustainable investing training and Washington Trust adopts SEI's Wealth Platform.