Transferring inherited IRA to grantor trust during life.
Although the grantor trust transfer in the ruling did not generate any adverse tax consequences, tax advisers should exercise considerable caution in using this strategy for Medicaid planning purposes, because the Medicaid eligibility rules can vary from state to state. The ruling is available at www.irs.gov/pub/irs-wd/ 0620025.pdf.
by Lisa A. Winton, MBA, MST, AICPA Technical Manager-Taxation, Washington, DC
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|Title Annotation:||News Notes|
|Author:||Winton, Lisa A.|
|Publication:||The Tax Adviser|
|Date:||Oct 1, 2006|
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