In PLR 200910003, the IRS ruled that the proposed judicial reformation of a trust is consistent with applicable state law and will not cause the beneficiaries of separate exempt trusts to possess a general power of appointment over those trusts. The IRS also ruled that the exempt trusts will not be subject to generation-skipping transfer tax (GSTT).
Posted by Min Young Choi, Associate Editor, Wealth Strategies Journal.
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This page contains a single entry by Associate Editor published on March 31, 2009 4:37 PM.
PLR 200910002: IRS Rules on EGT Consequences of Split Dollar Arrangement was the previous entry in this blog.
PLR 200910004: IRS Rules on Allocation of GSTT Exemptions is the next entry in this blog.
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PLR 200910003: IRS Rules on Trust Reformation
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