Priv. Ltr. Ruls. 201204001-005 (Sept. 30, 2011)

(division of family trusts that were then combined into trusts for children did not shift beneficial interests in trusts to beneficiary that skips a generation from prior beneficial owners, so no GSTT triggered; division also did not extend time for vesting of any beneficial interest beyond term specified in trust).

 

CALT does not provide legal advice. Any information provided on this website is not intended to be a substitute for legal services from a competent professional. CALT's work is supported by fee-based seminars and generous private gifts. Any opinions, findings, conclusions or recommendations expressed in the material contained on this website do not necessarily reflect the views of Iowa State University.

RSS​ Facebook Twitter