As guests of Legacy Wealth Management, a Memphis based investment advisory firm, Jimmy Dickey and Susan Lattimore recently led a luncheon roundtable discussion at LWM’s office. The discussion centered around the general and finer points of tax law as it relates to trust fund tax returns. To aid the active and sometimes complex exhange, the pair provided a sample Trust 1041 for review.
Additionally, the Marston executives stressed the importance of maintaining fiduciary income accounting. Mr. Dickey and Ms. Lattimore noted that investment advisors, attorneys, and CPAs all must be involved and aware of trust document provisions relating to distributions in accordance with the trustee’s powers.
Marston executives are routinely invited to speak to local businesses on various accounting and financial planning topics and give consideration to all requests. Please contact us with yours.