Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

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Thursday, March 27, 2014

Aragona Trust Decision

GavelMoney

The U.S. Tax Court recently released its decision in the Aragona Trust case.

The court held that: 

  1. A trust can qualify for the IRC § 469(c)(7) exception;
  2. A trust is capable of performing personal services within the meaning of IRC § 469(c)(7);
  3. Services performed by individual trustees on behalf of the trust may be considered personal services performed by the trust; and
  4. The Aragona Trust materially participated in real-property trades or businesses. 

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.

http://lawprofessors.typepad.com/trusts_estates_prof/2014/03/aragona-trust-decision.html

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