Question
Estate Finance Family Tax Plan Question 1.On January 2, 2000, Larry creates a trust with Tenleytown Trust Company as trustee. Tenleytown Trust Company may distribute
Estate Finance Family Tax Plan Question
1.On January 2, 2000, Larry creates a trust with Tenleytown Trust Company as trustee. Tenleytown Trust Company may distribute principal and income to Susie and Leon for their welfare. Upon Larry's death, the remainder is distributed to Susie and Leon equally. Does PNC's power to distribute principal cause the trust to be a grantor trust as to Larry under 671? Why or why not?
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Audit Effectiveness Meeting The IT Challenge
Authors: Kamil Omoteso
1st Edition
1409434680, 9781409434689
