Some Insight

The Internal Revenue Service recently issued some private letter rulings (PLRs) that shed light on its thinking on the trust payment of estate expenses, non-taxable trustee-to-trustee transfers, lump sum distributions and waivers of the 60-day rollover rule. ESTATE EXPENSES As background: An estate cannot be a designated beneficiary for purposes of required minimum distributions (RMDs).1 Furthermore,

The Internal Revenue Service recently issued some private letter rulings (PLRs) that shed light on its thinking on the trust payment of estate expenses, non-taxable trustee-to-trustee transfers, lump sum distributions and waivers of the 60-day rollover rule.

ESTATE EXPENSES

As background: An estate cannot be a designated beneficiary for purposes of required minimum distributions (RMDs).1 Furthermore, if an estate is one of many beneficiaries of a trust, the other trust benef

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