The “65 Day” Rule – Income Tax Planning for Trusts and Beneficiaries

The “65 Day Rule” allows a trustee to elect to make a trust distribution within 65 days of the end of the preceding tax year and effectively transfer some of the income and its tax liability from the trust to the trust beneficiary who received the distribution.  Utilizing this rule … Read more »

Larry Maddox interviewed for WSJ Article – How A Trust Can Cut Taxes

Larry Maddox, president of Horizon Advisors, was interviewed by Arden Dale for her Wall Street Journal article titled, “How A Trust Can Cut Taxes.” The article discusses steps that trusts can take to save money with the advent of higher taxes introduced in last year’s tax act.  In particular, trustees and financial advisers … Read more »