In PLR 201010003,
the IRS ruled that a couple consisting of a donor and his spouse may
allocate their exemption from generation-skipping transfer tax to
transfers to an irrevocable trust that the donor created for the
benefit of his descendants.
See also Extension Granted to Allocate GSTT Exemption, 2010 TNT 49-46, March 15, 2010.
Posted by Neil I. Rumbak, Associate Editor, Wealth Strategies Journal.
See also Extension Granted to Allocate GSTT Exemption, 2010 TNT 49-46, March 15, 2010.
Posted by Neil I. Rumbak, Associate Editor, Wealth Strategies Journal.
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