Trust Reformation & Taxes
A trust can contain tax issues, ambiguities regarding the distribution and division of assets and complications with the identity and nature of beneficiaries. If the interested parties do not contest the document outright, a construction proceeding may take place. In this instance, interested parties may ask the court for its interpretation and mediation of the ambiguous language.
On occasion, a trust specifically designed to provide tax benefits may fail to qualify for such favorable treatment. In these instances, the trust may be reformed so that it will provide tax benefits. The Schwartzapfel Truhowsky Marcus P.C. estate litigation team can present trust reformation cases in court and before the IRS.
If you suspect that an estate’s assets have been handled incorrectly, unfairly or illegally, please call us at (877) 398-6079 or fill out our online contact form for a free case evaluation.
