Tax Law Update

Tax Court analyzes whether trustee's power to make distributions for her own welfare created general power of appointment In Estate of Ann R. Chancellor v. Commissioner, T.C. Memo. 2011-172 (July 14, 2011), the Tax Court interpreted the terms of a testamentary trust to determine whether the surviving spouse, as a trustee, held a general power of appointment due to the trustees' powers to make distributions

  • Tax Court analyzes whether trustee's power to make distributions for her own welfare created general power of appointment — In Estate of Ann R. Chancellor v. Commissioner, T.C. Memo. 2011-172 (July 14, 2011), the Tax Court interpreted the terms of a testamentary trust to determine whether the surviving spouse, as a trustee, held a general power of appointment due to the trustees' powers to make distributions to her and other beneficiaries for their welfare.

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