Tax Law Update

TAM 200907025: General power of appointment presumed over entire trust — In Technical Advice Memorandum 200907025 (issued Oct. 28, 2008), the decedent was the income beneficiary of a trust providing that “at the time of [his] death, his equitable interest in Trust, unless disposed of otherwise by [him], shall pass to and vest in his heirs in accordance with the laws of descendant and distribution then in force.”

Because the trust agreement did not express any intent