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This page contains a single entry by Associate Editor published on February 22, 2010 12:08 PM.

Lois Shepherd: Autonomy and Responsibility at the End of Life was the previous entry in this blog.

PLR 201006008: IRS Grants Extension to Allocate GST Exemptions to Transfer to Trusts is the next entry in this blog.

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PLR 201006005: Modifications to Trust Under Settlement Agreement Do Not Trigger Generation-Skipping Tax

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Associate Editor
on February 22, 2010 TrackBacks (0) Comments (0)

In PLR 201006005, the IRS ruled that certain modifications to a trust, pursuant to a court-sanctioned settlement agreement, cause neither the trust nor distributions to the trust to be subject, pursuant to Section 2601, to the generation-skipping tax.

See also IRS Rules on Estate, Gift, GST Tax Consequences of Trust Modification Under Settlement Agreement, 2010 TNT 34-52 (February 22, 2010).

Posted by Neil I. Rumbak, Associate Editor, Wealth Strategies Journal. 


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