Gifts By Fiduciaries By Tax Options and Elections
Jonathan Blattmachr, Stephanie Heiborn, and Mitchell Gans
PROBATE& PROPERTY NOVEMBER/DECEMBER 2004 39 Fiduciaries often face many tax options and elections during the administration of an estate or trust. The manner in which the fiduciaar exercises, or does not exercise, tax elections and options will significantly affect one, some, or all of the beneficiariees In some cases, it may cause the fiduciary to have made a gift for federaa gift tax purposes. This article explores some of the ways in which a fiduciary might be treated as making a gift by...