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Not AuthorityTax Legislation· Primary source linked· Unreviewed

S. 1842 (Trust Modernization Act of 2026) reported out of Senate Finance

Tax Legislation · Fetched 2026-05-05 09:00 UTC · sonar-pro

Scout Summary

The Senate Finance Committee reported S. 1842 favorably on a 17-9 vote. The bill would index the GST exemption to inflation prospectively, eliminate the "Crummey" notice formality for trusts with under $5M of contributed property, and create a federal directed-trust safe harbor. Floor consideration expected this summer.

Source URLs

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Practitioner Action

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Provenance

Item ID
news_05
Topic Key
tax_legislation
Authority
news_reference
Scout Model
sonar-pro
Fetched At
2026-05-05T09:00:00.000Z
Reviewed At
—
Not Authority

Run primary-source research before citing.