The oversight hearing is the first since the Senate Judiciary Committee last month passed a bill that could subject freight railroads to a bevy of anti-trust lawsuits.

FORBES: All Aboard

Then in 2001 and 2003 respectively, the Federal Circuit (in a case involving 13 trusts created for the benefit of Mellon family members) and the Fourth Circuit sided with the IRS and said that investment management fees paid by a trust are subject to the 2% floor on miscellaneous deductions, just as if the cost had been incurred by an individual.

FORBES: The Way The Tax Code Crumbles

U. citizen put their earnings in a trust or company in Luxembourg, that trust or company would be subject to an automatic information exchange that would identify individuals behind them.

FORBES: Tax Havens

But the Internal Revenue Service, and three federal circuit courts have ruled since then that a trust's investment fees are subject to the same 2% floor for miscellaneous itemized deductions that individual tax filers are subject to.

FORBES: The Way The Tax Code Crumbles

Which is why governments did not trust banks to behave prudently if they were subject to a simple gross leverage restriction.

BBC: If banks are treated as naughty kids...

The NHS trust, which employs 3, 100 people, said the proposals had been subject to a detailed risk assessment looking at the impact on clinical outcomes, patient care and safety.

BBC: Royal Surrey County Hospital staff facing redundancy

This makes the charitable trust a particularly attractive vehicle for appreciated assets like stocks, which would normally be subject to capital gains, but can be contributed to the trust at fair market value (and thus, deducted calculating that same value) and sold inside the trust for no gain.

FORBES: Move up http://i.forbesimg.com t Move down

Special needs trusts are non-countable assets and will allow your relative to qualify for benefits and programs if their financial situation changes in the future. (The victims of Bernie Madoff faced a rapidly changing financial future.) Also, these trust funds are most likely not subject to seizure or claims by creditors, so if your disabled relative is sued the funds would remain protected.

FORBES: Financial Planning for Special Needs Relatives