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

David A. Handler, partner in the Chicago office of Kirkland & Ellis LLP, and Alison E. Lothes, associate in the Boston office of Sullivan & Worcester LLP | Sep 01, 2011

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.

The

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]

Hide comments

Load More

Comments

Plain text