Four Corners Legacy Law

08/05/2026

Most families have no idea this provision exists.

It was buried in a footnote in a Congressional tax guide. It was not in the headlines. It was not in the summary documents that most advisors handed clients after the law was signed.

But it applies to 2026 income. Which means that for any trust that has generated income this year, the problem is not theoretical. It is already in motion.

If your trust has not been reviewed since the One Big Beautiful Bill was signed, that review is overdue."
When I work with families on this, I look at the full picture: the trust itself, what it holds, who it benefits, and how the new rules interact with its setup. This is not a one-size-fits-all review. Your trust was established for your family's specific reasons, and that is how I see it.

Book a 15-minute complimentary call with us today ▶️ https://4cornerslegacylaw.com/schedule-a-consultation/

08/04/2026

"My trust was set up years ago. Does the new tax law affect it?"

Most families with trusts are asking this question right now. Here is what advisors are finding.

The One Big Beautiful Bill included a deduction limitation originally intended to target high-income individuals. Tax lawyers and accountants discovered it applies to trusts and estates as well, and trusts hit the top income bracket far earlier than any individual does. In 2026, the 37 percent rate kicks in for a trust at approximately $16,000 in taxable income. For a single individual, that threshold is $640,600.

A modest family trust generating $16,000 in income may now face the same limitation that applies to the country's highest earners. If your trust distributes income to a surviving spouse, a child with a disability, or any beneficiary who depends on those distributions, this week's article explains what that means for your specific situation. 👉
https://4cornerslegacylaw.com/new-tax-law-alert-could-your-trust-be-taxed-twice/

08/03/2026

A client forwarded me a CNBC article with a note: "Does this affect our trust?"

It was a reasonable question. The article described a provision buried in the One Big Beautiful Bill that tax lawyers and accountants are calling a double taxation problem for trusts. They found it in a footnote of a Congressional tax guide released after the law was signed.

Most families with trusts have not heard about this provision. The headline from the new law was the estate tax exemption increase: $15 million per person, no scheduled sunset, genuinely good news for some families. That got covered everywhere. The second provision did not.

For any family with a trust that generates income and distributes it to a beneficiary, whether that is a surviving spouse, a child with a disability, or anyone who depends on those distributions, this provision matters. The answer to her question: it might affect her trust. Here is what we know right now, and what to do about it. ➡️ https://4cornerslegacylaw.com/new-tax-law-alert-could-your-trust-be-taxed-twice/

08/03/2026

Estate Planning Made Simple: 5 Documents That Protect Your Family

08/02/2026

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08/01/2026

If you had damage from the recent flood and are a small business, you may be eligible for this micro loan to help you recover.

FOR IMMEDIATE RELEASE July 29, 2026
Columbia Economic Development Corporation (CEDC) Announces Rapid Recovery Microloan Assistance for Flood-Impacted Businesses
Hudson, NY – In response to the recent devastating flooding across Columbia County, the worst flooding to hit the area since Hurricane Irene fifteen years ago, the Columbia Economic Development Corporation (CEDC) is making $200,000. in emergency relief financing available to local businesses impacted by the disaster. Small businesses that have experienced physical damage, business interruption, or other flood-related financial hardships may be eligible for an expedited 5-year microloan up to $15,000 at 3.75%, to support recovery efforts, stabilize operations, and fund critical repairs....

Please see image for more information. If you have any questions, please email [email protected] or call (518) 828-4718.
Choose Columbia - Columbia Economic Development Corporation

08/01/2026

We’re happy to help another client with peace of mind! Thank you for your kind review!

07/31/2026

Estate planning isn't about paperwork.

It's about making sure the people you love are cared for and giving yourself the peace of mind that comes from knowing you've done things right.

Join us for a FREE educational Estate Planning Seminar where we'll explain—in plain English—how to protect the people you love and avoid the costly mistakes that catch so many families by surprise.

Wednesday, August 5
2:30 PM
Roaring 20's Brewery (565 U.S. 20 New Lebanon, NY 12125)

Light refreshments will be provided. Seats are limited, and registration is required.

Register today: https://www.eventbrite.com/e/protect-what-matters-most-estate-planning-essentials-for-your-family-tickets-1994074671020?aff=oddtdtcreator