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" inter vivos " means; between the living.
What other trust could have been created, show some artifiacts?
What other trust could have been created, show some artifiacts?
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"You have to understand Neo, most of these people are not ready to
be unplugged, and many of them are so inured, so hopelessly dependent on the system, that they will fight to protect it."
~ Morpheus / The Matrix movie trilogy. -
You did not take that FACTS snippet in context.
Section 2036.—Transfers With Retained Life Estate 26 CFR 20.2036–1:the substitution power will not, by itself, cause the value of the trust corpus to be includible...
The subject is substitution power for officers over the specific style of trust. You show only a sentence implying that citizens of the US are the cause creating the trust. The trust is of course created by an indenture and applied to citizens of the US in the memorandum. It does not mean, as you imply that when a citizen of the US is created that this particular trust structure is created. The memorandum is for US citizens who have created that kind of a trust, and how they may substitute items in and out of the taxable income purview - items on Schedule A of the trust.
I admit I am not spending much time on it and may have that incorrect. But I just looked at the text above what you have shown us. I am not about to read the entire document when I think you are forcing an interpretation on a tiny passage of it. It would seem to me that you did not read the entire paper too!
Regards,
David Merrill. -
Agreed. It appears to be talking about trusts created by U.S. citizens.All rights reserved. Without prejudice. No liability assumed. No value assured.
"The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius"It is the glory of God to conceal a thing: but the honour of kings is to search out a matter." Proverbs 25:2Prove all things; hold fast that which is good. Thess. 5:21.Comment
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