Thursday, November 20, 2008

Revenue Ruling 2007-13 (Life Insurance Transfer for Value)

The Revenue Ruling consider two situations. In Situation 1, Trust 1 and Trust 2 are both grantor trusts, which are treated as wholly owned by the Grantor for Federal income tax purposes.

www.shealawonline.com/blog/2007/estate-planning/revenue-ruling-2007-13-life-insurance-transfer-for-value