Effective trust administration begins with a clear understanding of the trustee’s role. A trustee is charged with managing trust assets solely for the benefit of the beneficiaries and in strict accordance with the terms of the trust agreement. The very first step for any trustee—new or experienced—is to thoroughly read and understand the trust instrument. Only then can a trustee carry out the responsibilities and fiduciary duties that define the position. Not only must the trustee ensure the grantor’s intent is carried out, but must also be careful to avoid potential litigation for breach of fiduciary duty.

Every January, the same anxiety creeps back into the investment partnership world. Tax preparers send out their requests looking for timing of financials, changes to partner addresses, information on new investments, and more. As the weeks head into February and March, inboxes fill with “Any update on K-1 timing?” messages. Teams brace for late nights, version-control chaos, and the scramble to issue K-1s as quickly and as accurately as possible.

The year 2025 was highlighted by the enactment of the One Big Beautiful Bill Act (OBBBA) that created several business tax incentives and dealt with the expiring tax cuts in the Tax Cuts and Jobs Act (TCJA).

Andersen Consulting enters a Collaboration Agreement with Lighthouse Consultants, a London-based consulting firm specializing in forensic accounting and financial investigations.

First established under the Inflation Reduction Act of 2022, the Sec. 45Z Clean Fuel Production Credit provides businesses with an income tax credit for clean transportation fuel produced domestically after December 31, 2024, and sold by December 31, 2029, as extended by the One Big Beautiful Bill Act (OBBBA). The credit is triggered upon sale of the qualified fuel to an unrelated person.

Effective planning for art and collectibles begins well before a gift or bequest occurs. Collectors who inventory their collections, document provenance, and clarify charitable intentions gain flexibility and control.

Andersen Consulting adds depth to its cybersecurity offering with collaborating firm Alfa Group, a leading technology firm with nearly three decades of experience helping organizations safeguard and optimize their operations.

Andersen Consulting enters into a Collaboration Agreement with SHMA, a leading actuarial and financial advisory firm headquartered in the UAE.

Andersen Consulting strengthens digital transformation offering with the addition of collaborating firm Saratoga Software, a provider of software delivery and specialist technology solutions.