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This page contains a single entry by Associate Editor published on April 20, 2010 10:11 AM.

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PLR 201015025: Modification to Trusts Does Not Affect Trusts' GSTT-Exempt Status; Does Not Cause Portions of Trust Assets to Be includable in Gross Estates

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Associate Editor
on April 20, 2010 TrackBacks (0) Comments (0)

In PLR 201015025, the IRS ruled that trust modifications in a proposed agreement will not prevent trusts from maintaining their generation-skipping transfer tax exempt status.  In addition, the trust modifications usually will not cause any portion of the assets of the trusts to be includable in the gross estate of the settlor, settlor's son, or a trust beneficiary. 



See also IRS Rules on GST, Estate Tax Consequences of Proposed Modification of Trusts, 2010 TNT 74-47, April 19, 2010.


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





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