Until recently, the IRS has said little (if anything) regarding whether assets the beneficiary of an irrevocable trust receives get a step up in basis following the Grantor’s death. With issuance of Revenue Ruling 2023-2, that has changed. The IRS has spoken. In RR 2023-2, the IRS posed the following hypothetical which I’ve edited slightly: […]
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- Prerequisite findings prior to appointment of emergency guardian; evaluation; notice; hearing; O.C.G.A. § 29-4-15
- Probate Court is required to grant Petition for Year’s Support unless a valid objection is filed
- Petition for appointment of emergency guardian; requirements of petition; O.C.G.A. § 29-4-14
- Phrase “Other obligations” made Special Needs Trust invalid
- Requirements of order granting guardianship; service O.C.G.A. § 29-4-13
