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This page contains a single entry by lsaret published on November 26, 2007 6:40 PM.

IRS Analyzes Issues Re Taking Stock as Collateral for Estate Tax Lien was the previous entry in this blog.

IRS Rules in PLR on EGT Consequences of Split Dollar Life Insurance is the next entry in this blog.

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IRS Rules in PLR that ILIT Beneficiaries Lack Incidents of Ownership

By
lsaret
on November 26, 2007 TrackBacks (0) Comments (0)

In PLR 200747002 (June 21, 2007) the IRS ruled that neither the beneficiaries of two trusts holding life insurance policies nor the insured individual are treated as possessing incidents of ownership of the insurance under IRC Sec. 2042, and that the beneficiaries are treated as owners for grantor trust purposes under IRC Secs. 678 and 671.

Posted by Lewis J. Saret, General Editor, Wealth Strategies Journal.

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