Estate of Timken v. U.S.

Sixth Circuit upholds constructive addition generation-skipping transfer (GST) tax regulations In Estate of Timken, 105 A.F.T.R. 2010-1347 (April 2, 2010), the U.S. Court of Appeals for the Sixth Circuit upheld the constructive addition regulations under IRC Section 2601 and held that the lapse of a general power of appointment (GPA) over a trust that was grandfathered from GST tax constituted a constructive