A hanging power, whereby the “taxable” part of a beneficiary’s power to invade corpus is carried over until it becomes nontaxable, can avoid gift tax consequences, but is likely to meet IRS opposition. This article examines the future use of hanging powers and alternatives to such powers.
Read entire article here.
Author: Amb. Frankie Simonis
Last Updated:
Views: 6488
Rating: 4.6 / 5 (76 voted)
Reviews: 83% of readers found this page helpful
Name: Amb. Frankie Simonis
Birthday: 1998-02-19
Address: 64841 Delmar Isle, North Wiley, OR 74073
Phone: +17844167847676
Job: Forward IT Agent
Hobby: LARPing, Kitesurfing, Sewing, Digital arts, Sand art, Gardening, Dance
Introduction: My name is Amb. Frankie Simonis, I am a hilarious, enchanting, energetic, cooperative, innocent, cute, joyous person who loves writing and wants to share my knowledge and understanding with you.
