PLR 201919003: Insurance Purchased by Trust Not Includible in Gross Estate

In PLR 201919003, the Service ruled that the proceeds of life insurance on the life of a trust beneficiary would not be includible in the beneficiary’s gross estate following modifications to the fiduciary provisions of the trust.

See PLR 201919003 by clicking here.

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

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