Tax Law Update

Internal Revenue Service rules that a will's it is my desire language is a mandatory bequest In Technical Advice Memorandum 201126030.

  • Internal Revenue Service rules that a will's “it is my desire” language is a mandatory bequest — In Technical Advice Memorandum 201126030, the decedent's will stated:

    To the extent that I own any equity interest at my death in any of the following closely held investments, i.e. [Assets], it is my desire that such equity interests be retained and that each of them be distributed so that all such equity interests are ultimately owned in equal shares by [Children]. If

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