IRS Change of Heart Causes Consternation Among the Estate Planning Community

Including a right to income tax reimbursements is not a problem for an irrevocable grantor trust. But the IRS unexpectedly has ruled that adding such a right to an irrevocable grantor trust creates a complicated gift from the beneficiaries to the grantor.  For details on the Private Letter Ruling 201647001, see this quarterly issue of TI-TRUST's Estate Planning Briefs.

Also in this issue:

• Lock-ins, past and future

• Extension granted for DSUE election

• The case of the greedy in-laws

• What is the purpose of a valid trust?

• Division of property in a divorce

• Tax or penalty?

When you are in need of fiduciary services, please keep TI-TRUST in mind.

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