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Reforming the Reformable

Christopher P. Woehrle discusses PLR 201947007, which illustrates the value of reforming an otherwise non-qualifying charitable bequest.

The tools of post-mortem estate planning are typically thought of as alternate valuation,1 disclaimers,2 special use valuation3 and installment payments of the federal estate tax.4 Private Letter Ruling 201947007 (Nov. 22, 2019) illustrates the value of reforming an otherwise nonqualifying charitable bequest provided the requirements under Internal Revenue Code Section 2055(e) are met.

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TAGS: Philanthropy
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