Tax Law Update

TAM 200907025: General power of appointment presumed over entire trust In Technical Advice Memorandum 200907025

  • TAM 200907025: General power of appointment presumed over entire trust β€” In Technical Advice Memorandum 200907025 (issued Oct. 28, 2008), the decedent was the income beneficiary of a trust providing that β€œat the time of [his] death, his equitable interest in Trust, unless disposed of otherwise by [him], shall pass to and vest in his heirs in accordance with the laws of descendant and distribution then in force.”

    Because the trust agreement did not express any intent

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