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IRS Proposes Liberal Rules for Family Trust Companies  


Author:  Staff Editors.


Source: Volume 08, Number 01, November/December 2008 , pp.12-13(2)




Family Foundation Advisor

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Abstract: 

In Notice 2008-63, the IRS released a proposed revenue ruling concerning the income, estate, gift, and generation-skipping transfer tax consequences that will result when members of a family create a private trust company to serve as the trustee of trusts having family members as grantors and beneficiaries.

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