What are the GST, gift and income tax consequences of such an action?

Questioning the Labeling Trend

Tax Court finds that taxpayers committed a prohibited transaction, causing their IRAs to be disqualified

Court focuses on conflict of laws issue

The court halts a strong recent trend

IRS rules on what constitutes a designated beneficiary and whose life expectancy should be used to measure the distribution period

Family litigation occurs not from a lack of trying to solve the issue, but from a lack of planning. Here, CPAs at Sensiba San Filippo provide tactics to avoid family battles over wealth transfers.

Practice suggestions you can conveniently find on the internet

How to develop fiduciary character