PLR 200942020

IRS rules that the beneficiaries' withdrawal rights don't interfere with grantor trust status In PLR 200942020 (Oct. 16, 2009), the IRS addressed whether trust beneficiaries' current and hanging withdrawal rights, as well as those that previously lapsed, would cause a trust to be considered a grantor trust to the beneficiaries rather than the grantor. That ruling involved a trust agreement that created