Significant issues can arise on a practical level if the appointments of the revocable trust's successor trustee, the pourover will's personal representative, and the financial power of attorney's agent are not identical. Identical appointments, made easy by the "Replicate" feature in Cowles Trust Plus, helps management to flow smoothly from any period of incapacity (with both trust and non-trust assets managed by the trustee/agent) through postmortem activity where the trustee/personal representative is responsible.

U.S. Tax Court Rules Stock Transferred to FLP Not Indirect Gift to Donees; Supreme Court Denies Petition to Review Case Involving Generation Skipping Transfer; Tax-Free Withdrawal Available for Stimulus Payments Deposited into Tax-Favored Accounts; Applicable Federal Rates for June; IRS Requests Public Comments on Several Rules and Tax Forms Affecting Estate Planning Practitioners.

When your clients need asset transfer letters—correspondence to third parties holding clients' assets or having records that need beneficiary or title information updated—Cowles Trust Plus can generate exactly what you need. This Tech Tip shows how can help automate the generation of any needed asset transfer letter.