IRS Does Not Include Trust Decanting Rules In Guidance Plan

Recently, tax analyst Marie Sapirie has published an article highlighting the fact that there are no trust decanting rules in the 2012 and 2013 priority guidance plan. According to attorney advisor of the Treasury Office of Tax Legislative Counsel, Catherine Hughes, the omission of the rules was a consequence of the IRS’s failure to publish the trust decanting rules in time for the priority guidance plan.  

See Kelly Humke, Tax Notes Article by Marie Sapirie: “ABA Meeting: Trust Decanting Rules Still Getting IRS Attention”, Wealthstrategiesjournal.com, May 14, 2013.

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.