PLR 202215015: IRS Written Determination on Rules for GSTT Consequences of Trust Merger (January 19, 2022)

The IRS ruled that the proposed merger of Trust WB and Trust B into Trust A will not affect the present GST tax exempt status of such trusts and will not cause any distributions (upon termination or otherwise) from Trust A to beneficiaries to become subject to the GST tax.

See PLR 202215015 by clicking here.

See more information on PLR 202215015 by clicking here.

Posted by Jessica Ji, Associate Editor, Wealth Strategies Journal.