Trustees of nongrantor trusts and, to a lesser extent, executors of estates often desire to treat distributions to beneficiaries as including realized capital gains, so that these gains are passed, along with any associated tax liability, to the beneficiaries of the trust or estate. A fiduciary may seek such an outcome when, for example, the beneficiary has capital losses that can be used to shelter the gains from tax, or the beneficiary is in a lower marginal tax bracket with respect to ...
Purchase access to this article
Receive access to this article for 12 months online.
All Access Premium Subscription
Your subscription will include 12 months of Trusts & Estates magazine, access to premium content on WealthManagement.com, and Trusts & Estates plus iPad app.