In Announcement 2009-50 (2009-25 IRB 1105), the IRS corrects proposed regulations (REG 119532-08, 2009-20 I.R.B. 1017) that help explain which portion of a trust can be included in a deceased grantor's estate if the grantor has reserved a graduated retained interest in the trust.
See also, "IRS Corrects Error in Proposed Regs on Graduated Grantor Retained Annuity Trusts," 2009 TNT 117-9 (June 22, 2009)
Posted by Gary Robillard, Associate Editor, Wealth Strategies Journal.

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