Private Letter Rulings of Interest: Nonqualified Trust Reformed Into a CLAT and a CRUT
Author: Jerry McCoy.
Source: Volume 10, Number 05, July/August 2011 , pp.10-10(1)
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Abstract:
The executor of the decedent’s estate commenced a timely judicial proceeding to convert this complicated trust structure into two separate trusts—a charitable lead annuity trust (CLAT) and a charitable remainder unitrust (CRUT). Each of these trusts was designed to approximate the result of the original trust.Keywords: PLR 201115003
Affiliations:
1: Attorney at Law.