PLR 201750014: IRS grants extension for dividing marital trust and making reverse QTIP Election

In PLR 201750014, the IRS granted an estate an extension to divide a marital trust into exempt and nonexempt trusts, to make a reverse QTIP election for the exempt trust, and that the decedent’s unused GST tax exemption would be allocated to the exempt trust.

See full PLR 201750014 by clicking here.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.