Grantor's power to substitute property may not require inclusion of the property in the grantor's gross estate. There has long been concern that a grantor's power to substitute property of a trust, which may be used to render the trust a grantor trust under Internal Revenue Code Section 675, may cause the trust property to be includible in the grantor's estate under IRC Sections 2036 or 2038. In Revenue Ruling 2008-22, 2008-16 IRB 796 (April, 17, 2008), the Internal Revenue Service
All access premium subscription
Please Log in if you are currently a Trusts & Estates subscriber.
If you are interested in becoming a subscriber with unlimited article access, please select Subscription Options below.
Questions about your account or how to access content?
Contact: [email protected]