When the candidates’ proposals are viewed through a philanthropic lens, it demonstrates how different a proposal can seem depending on a taxpayer’s individual circumstances.
In a recent PLR, the taxpayers requested rulings regarding the generation-skipping transfer tax consequences of three events: the resignation of a trust’s co-trustees, the appointment of successor trustees, and proposed amendments to trust provisions relating to successor trustees.
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One of the big fears clients have when working with tax, legal and financial advisors is that they’re giving up control.
