Higher income tax rates for 2013 and beyond have increased the value and utility of a long-existing income tax election, known as the "65-day rule," with regard to the timing of trust distributions. This rule allows distributions within the 65-day period to be treated as calendar-year 2012 distributions, but they must be made by March 6, 2013 to qualify.

For a detailed discussion on how the 65-day rule might affect your specific situation and existing estate plan, download the Estate Planning Bulletin below, or contact a member of the Vedder Price Estate Planning group.