September 27, 2023
(LITTLE ROCK, Ark.) - Attorney David Biscoe Bingham presented at the Arkansas Bankers Association Mega Conference in Little Rock. His presentation, Think Twice Before You End a Trust – Income Tax Consequences of Trust Communications and "Early Terminations" educated trust officers on how to spot and possibly avoid negative tax consequences for income beneficiaries when a trust is terminated early. He also discussed the components of Arkansas’s new Uniform Fiduciary Income Act.
David is a tax and estate planning attorney who represents individuals, couples and families in estate planning and advises entrepreneurs and ownership groups on entity formations. He also assists non-profit entities with formation, operations and qualifying and maintaining tax-exempt status. David is chair of the Arkansas Bar Association’s 501(c)(3) Task Force and a Class II graduate of the Heart of America Fellows Institute of the American College of Trust and Estate Counsel.
About Mitchell Williams
Mitchell, Williams, Selig, Gates & Woodyard, P.L.L.C. is a full-service law firm with Arkansas roots and national reach. For 70 years, we have delivered sophisticated legal counsel to individuals, entities and corporations for everything from day-to-day business needs to the most complex, specialized corporate matters. From offices in Little Rock, Rogers and Jonesboro, Arkansas and Austin, Texas, we leverage the power of 70 years of experience for our valued clients. Learn more at MitchellWilliamsLaw.com.