Knight's Decided. Now What?

March 2008
Trusts and Estates
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Questions remain in light of the Knight US Supreme Court decision on trust investment advisory fees and the two percent of AGI floor. For instance, what happens with certain incremental costs that individuals would not ordinarily incur? Should unbundling of trustees' and other fees be required (or done voluntarily)? And what will the IRS's final regulations on this subject ultimately look like?