Category: Tax Planning

Kentucky Estates: articles about tax planning for private clients, estates, trusts, and family businesses

2010: A Bad Year For Incomplete Gifts to Non-Grantor Trusts

February 13, 2010

The IRS has published Notice 2010-19 (IRB 2010-7, Feb. 16, 2010). The Notice provides guidance on the effect of IRC Section 2511(c). Section 2511(c), enacted as section 511(e) of EGTRRA in 2001, and amended by section 411(g)(1) of the Job Creation and Worker Assistance Act of 2002, provides that “a transfer in trust shall be […]

Welcome to Kentucky Estates

February 12, 2010

Welcome to Kentucky Estates! 2010 is a remarkable year in the trust and estates world because estate tax repeal has actually happened. As of now, we expect the tax to return, but divining the details requires a close watch on Washington, and a lot of patience. While we watch and wait, there continue to be many […]