Tax Law Update

Disclaimed assets pass to grandchildren, not trust. Luckily for the beneficiaries involved, the U.S. District Court for the Western District of Pennsylvania in Offner v. United States, 2008 WL 398823 (W.D. Pa. Feb. 11, 2008) was not forced to engage in subtle distinctions about what qualifies for a charitable deduction. During Deanie Offner's life, she established an irrevocable trust for the maintenance,

Disclaimed assets pass to grandchildren, not trust. Luckily for the beneficiaries involved, the U.S. District Court for the Western District of Pennsylvania in Offner v. United States, 2008 WL 398823 (W.D. Pa. Feb. 11, 2008) was not forced to engage in subtle distinctions about what qualifies for a charitable deduction.

During Deanie Offner's life, she established an irrevocable trust for the maintenance, health, support and education of her grandchildren. Under Deanie's

All access premium subscription

Your subscription will include 12 months of Trusts & Estates magazine and access to premium content on WealthManagement.com.

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