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Sutherland settles IRA audit of series of grandfathered testamentary trusts worth $100 Million.

Region
Georgia
Description
Sutherland's client settled with no income, gift or generation-skipping transfer tax consequences after an IRS audit of a series of grandfathered testamentary trusts (with assets exceeding $100 million) found the trustee had been making distributions of principal to grandchildren who were not permissible trust beneficiaries.
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Sutherland Asbill & Brennan LLP is an international law firm helping the Fortune 100, industry leaders, sector innovators and business entrepreneurs solve their biggest challenges and reach their business goals. Dedicated to unfaltering excellence in client service, we are known for our business savvy and industry intelligence, providing creative and custom solutions for each of our clients. Industry and business experience makes the difference for our clients.

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