Estate Finance Family Tax Plan Question 1. On January 2, 2000, Larry creates a trust with...

Estate Finance Family Tax Plan Question

1. On January 2, 2000, Larry creates a trust with himself as trustee. Larry as trustee may distribute income and principal to Susie and Leon to provide for their health, education, maintenance and support. Upon Larry's death, the remainder is distributed to Susie and Leon equally. Does Larry's power to distribute principal and income cause the trust to be grantor as to Larry under § 671? Why or why not?

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ekkarill92 answered 1 year ago

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