Beth Kaufman Weights in on Grantor Trust Reforms in Tax Notes

Tax Notes

A subtle but significant change to the grantor trust reforms contemplated by House Democrats has estate planners scrambling to undo advice from just a week ago.

. . .

The House report is signaling that the updated version of the provision would “catch all post-effective-date sales and exchanges,” Beth Shapiro Kaufman of Caplin & Drysdale told Tax Notes. For now, the statutory language marked up by the Ways and Means Committee states only that it would apply to post-effective-date trusts or post-effective-date contributions to old trusts, she explained.

For the full article, please visit Tax Notes’ website (subscription required).

Related Practices/Industries

Jump to Page

We use cookies to make your experience of our website better. By continuing to browse this site you consent to the use of cookies. Please visit our Privacy Policy for more information.