In PLR 200908002,
the IRS granted an extension to sever a trust into generation-skipping transfer tax exempt and nonexempt trusts, to make a reverse qualified terminable interest property election for the GSTT exempt trust, and to allocate the decedent's remaining GSTT exemption to the GSTT exempt trust.

PLR 200908002: IRS Grants Extension to Sever Trust and Make Reverse QTIP Election
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