PLRS 201832005 -201832009: Transfers to Trust Not Completed Gift + Not Grantor Trust

In five PLRs the Service ruled that gifts to trust were not completed gifts on contribution to trust but would be completed gifts when trust made distributions to beneficiaries other than grantor.  In addition, it appears that the trust will not be treated as a grantor trust for income tax purposes.

See full PLRs at the following links:

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

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