Modifying Trusts after CCA 202352018
ACTEC Trust & Estate Talk
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Navigating Trust Modifications and Gift Tax Implications
This chapter explores the complexities surrounding trust modifications and the potential gift tax consequences when beneficiaries consent to changes. It emphasizes the importance of IRS regulations in determining whether distributions from a trust trigger gift tax liabilities, particularly focusing on the distinction between non-objection and affirmation by beneficiaries.
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