Houston Estate Planning and Elder Law Attorney Blog
Estate planning attorneys and CPAs all keep an eye on letter rulings to see if IRS decisions have any bearing on their own client’s situations. In this case, a taxpayer is setting up a revocable trust and wants to use a Charitable Lead Annuity Trust known as a CLAT.
A recently posted letter ruling from the IRS addresses the use of a CLAT used in estate planning.
A CLAT letter ruling could be of interest to those who are using life insurance, annuities or other instruments in estate planning.