News IRS Ruling for Grantor Irrevocable Trusts

New IRS Ruling for Grantor Irrevocable Trusts:  If you have an Irrevocable Trust as part of your estate plan, you should be aware of a new IRS ruling that was issued on November 28, 2023. With this CCA, the IRS has taken the position that a modification to a Grantor Trust, with the beneficiary’s consent, will result in a taxable gift by the beneficiaries. This new CCA may not directly impact your planning, but demonstrates that the IRS is still looking at the tax benefits of Grantor Irrevocable Trusts. So, if you are considering the establishment of an Irrevocable Trust or amending an existing Trust, special care should be given to avoid this issue. A qualified estate planning advisor is key…


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Craig Platt

CLU®, CHFC®, CFP®, LIC | Life Insurance Advisor

Since 1993, Craig has worked extensively in the life insurance, employee benefits and investment areas at Rose Street where he assists clients in designing, implementing and monitoring their programs. In free time, Craig enjoys watching college football, traveling and golfing. 

This material and the opinions voiced are for general information only and are not intended to provide specific advice or recommendations for any individual or entity. To determine what is appropriate for you, please contact your Rose Street Financial Professional. Information obtained from third-party sources are believed to be reliable but not guaranteed.

Securities and Investment Advisory: Services offered through M Holdings Securities, Inc., A Registered Broker/Dealer and Investment Advisor, member FINRA/SIPC. Rose Street Advisors is independently owned and operated. Rose Street Advisors is a member firm of M Financial Group. #6203126.1

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