CCA 202352018, released at the end of 2023, addresses the question of whether adding a tax reimbursement clause to a grantor trust will constitute a taxable gift by the beneficiaries who consented to the trust modification. This session will discuss why the government issues CCAs, the impact of this CCA, the role of beneficiary consents, alternatives to avoid gifts, the relative advantages and disadvantages of different types of trust modifications, and more.
Speakers:
- Beth Shapiro Kaufman, Partner; National Chair, Private Client Services, Lowenstein Sandler LLP
- Daniel R. Stanek, Associate Fiduciary Counsel, Bessemer Trust Company of Delaware
Time: 4:45-5:35 p.m. ET
Location: Chase Center on the Riverfront, 815 Justison Street, Wilmington, DE
