![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhZ52XnnhXkEpzXlzM-z7e_ZY9sSWOtOGi0Tee540c5JuBZhyphenhyphenXeXM4OeOMKfZ-itxbGEpzWe6FS251FJovVtajk3jQBrzXQXhZCzXYyClARf0F2i_ftagNMbRGAfgwWnP-hJu_Mo-5PRKSj/s200/Gavel.jpg)
The Court said that
tax motivation alone, is not sufficient grounds for disregarding the trusts.
To Determine whether an a An Asset Protection Trust should be disregarded, the court had to consider the following four factors:
To Determine whether an a An Asset Protection Trust should be disregarded, the court had to consider the following four factors:
- Whether the grantor-taxpayer's relationship to the trust property materially changed after the trust was created,
- Whether the trust had an independent trustee,
- Whether an economic interest in the trust passed to other beneficiaries, and
- Whether the taxpayer felt bound by restrictions imposed by the trust or the law of trusts?
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEikw7gGu9FW_MAFvVgbjj-4bY2Nqto65FCg5qhUKVO0hrn_pD-WlNdLPnrfFQVq9Wd4M14lPbentCdbAlT-1APKiQ29cIdDEhueO4gGXXK_eWi3QOg0gLNNcXPLEz1QinQZ1HMR-LIkrPI-/s200/Gold+Coins+&+Lock.jpg)
Have Questions Regarding Taxation of
Asset Proctions Trusts?
for a FREE Tax Consultation Contact US
at
www.TaxAid.us
or
www.TaxLaw.ms
or
Toll Free at 888-8TaxAid (888 882-9243![](https://my.vocalocity.com/content/vcall-tick.png)
).
Asset Proctions Trusts?
Contact the Tax Lawyers at
Marini & Associates, P.A.
Marini & Associates, P.A.
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