Skip navigation

IRC Section 645 Is Your Friend

You've got a friend, or at least an ally, in Internal Revenue Code Section 645. Advisors don't often use the words and in the same sentence. But Section 645 offers the trustee of a decedent's revocable trust the opportunity to take advantage of some of the favorable income tax rules that apply to decedents' estates, but not their (formerly) revocable trusts. People often use revocable trusts as testamentary
Resources

You've got a friend, or at least an ally, in Internal Revenue Code Section 645. Advisors don't often use the words “code” and “friend” in the same sentence. But Section 645 offers the trustee of a decedent's revocable trust the opportunity to take advantage of some of the favorable income tax rules that apply to decedents' estates, but not their (formerly) revocable trusts.

All access premium subscription

Please Log in if you are currently a Trusts & Estates subscriber.


If you are interested in becoming a subscriber with unlimited article access, please select Subscription Options below.


Questions about your account or how to access content?


Contact: [email protected]

TAGS: Archive
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish