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Private Trust

MCF Private Trust White Paper

July 2018

What do you DO anyway? - Role of a Trustee

Whether individual family member or professional corporate trustee, the roles and responsibilities of a trustee are the same and each option comes with its own risks. Not everyone is aware of the extent, importance and liability of the job. Understanding the responsibilities are important in order to help clients decide whether to take on the extensive responsibilities and liabilities of an individual trustee, or to use a corporate trustee and let the experts administer the trust.

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Trust Connection - A Monthly Report on Trust News and Information

JUNE 2018

What You Need to Know about the Tax Cuts and Jobs Act

On December 22, 2017, President Trump signed into law the Tax Cuts and Jobs Act, a $1.5 trillion package that will significantly reform both individual and corporate income taxation. According to the Tax Foundation, the act will spur an additional $1 trillion in federal revenues from economic growth, increase Gross Domestic Product (GDP) by an average of 0.29 percent over the next decade, and lead to a 1.1 percent increase in after-tax income of all taxpayers.

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