More than 800 attorneys strong, Wilson Elser serves clients of all sizes across multiple industries. It maintains 38 domestic offices, another in London and enjoys more extensive international reach as a founding member of Legalign Global. The firm is currently ranked 56th in the National Law Journal’s NLJ 500.
William Lipkind (Partner-Florham Park) and Tammy Meyer (Of Counsel-Florham Park) briefed Leimberg Information Services, the premier internet
United States
To print this article, all you need is to be registered or login on Mondaq.com.
IRS Will Not Rule on Certain Provisions of Non-Grantor
Trusts
William Lipkind (Partner-Florham Park) and Tammy Meyer (Of
Counsel-Florham Park) briefed Leimberg Information Services, the
premier internet provider for estate planning and tax, on the IRS
announcement that it will not grant private letter rulings (PLRs)
for inter vivos non-grantor trusts unless all distributions are
made by decision of committee of no fewer than two beneficiaries,
each of whom is an income and remainder beneficiary. This
announcement has minimal impact on most rulings, but is designed to
discourage the abuse of beneficiary shopping.
Leimberg Information Services Article By Lipkind And Meyer On IRS Stipulations On PLRs For Non-Grantor Trusts
United States
Contributor
More than 800 attorneys strong, Wilson Elser serves clients of all sizes across multiple industries. It maintains 38 domestic offices, another in London and enjoys more extensive international reach as a founding member of Legalign Global. The firm is currently ranked 56th in the National Law Journal’s NLJ 500.
