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. 

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s