PLR 201034008, 201034009, and 201034013: IRS Grants Extension to Allocate GSTT Exemption to Trusts

In Private Letter Ruling 201034008 and 201034009, the IRS granted a decedent and his widow an extension to allocate their generation-skipping transfer tax (GSTT) exemption to transfers to two trusts. Also, in Private Letter Ruling 201034013, the IRS granted an individual an extension to allocate his GSTT exemption to transfers to four trusts.

Posted by Wesley J. Bailey, Senior Associate Editor, Wealth Strategies Journal.