United States: Trusts

Section 1202 of the US tax code offers qualified small business stock (QSBS) holders the ability to exclude significant capital gains from federal income tax, with recent legislation raising the exclusion cap to $15 million per taxpayer for stock acquired after July 4, 2025. Strategic use of properly structured non-grantor trusts can multiply these tax benefits through "trust stacking" while simultaneously achieving substantial estate tax savings. Cross-border families and multinational founders must coordi

For pet owners who consider their animals family members, a pet trust provides a legally enforceable mechanism to ensure continued care if the owner becomes incapacitated or dies. Both New Jersey and New York now explicitly authorize these arrangements, allowing funds to be set aside and trustees to be appointed with enforceable duties to act in the animal's best interests.

On March 5, 2026, the staff of the SEC's Division of Investment Management (the "Staff") published four new frequently asked questions (the "FAQs") addressing Rule 12d1-4...