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'Vulture' trust regulations: hold the valedictory.

Authors :
Grumet, Andrew M.
Schnoll-Begun, Melanie
Source :
Tax Notes. June 19, 2000, Vol. 87 Issue 12, p1641-1644.
Publication Year :
2000

Abstract

Issues related to proposed regulations regarding 'vulture' charitable lead trusts (CLTs) are examined, focusing on the legitimate intentions of the regulations and disadvantages if enacted. 'Vulture' CLT's use an unrelated donor, often seriously ill, as the measuring life for defining the charitable term, but proposed regulations may prevent legitimate trusts involving unrelated people.

Subjects

Subjects :
Charitable trusts -- Taxation

Details

ISSN :
02705494
Volume :
87
Issue :
12
Database :
Gale General OneFile
Journal :
Tax Notes
Publication Type :
Periodical
Accession number :
edsgcl.62871613