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IRS seeks comments on tax consequences of decanting — In Notice 2011-101, the Internal Revenue Service requested comments regarding the income, gift, estate and generation-skipping transfer (GST) tax issues and consequences arising from trust decanting. Decanting is a distribution from one irrevocable trust to another, usually pursuant to state law. Decanting may change the beneficial interest of a beneficiary of the original trust or could create a beneficial interest in
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