Source: https://www.charitableplanning.com/library/documents/498559
Timestamp: 2018-05-23 08:48:24
Document Index: 100805965

Matched Legal Cases: ['§2652', '§1431', '§1014', '§1305', '§6013', '§6013', '§6013', '§1014', '§1014', '§1014', '§1014', '§1014']

Section 2652: Other definitions
§2652. Other definitions
(a) Transferor
Except as provided in this subsection or section 2653(a), the term "transferor" means—
(A) in the case of any property subject to the tax imposed by chapter 11, the decedent, and
(B) in the case of any property subject to the tax imposed by chapter 12, the donor.
(2) Gift-splitting by married couples
(3) Special election for qualified terminable interest property
(A) any trust with respect to which a deduction is allowed to the decedent under section 2056 by reason of subsection (b)(7) thereof, and
(B) any trust with respect to which a deduction to the donor spouse is allowed under section 2523 by reason of subsection (f) thereof,
(b) Trust and trustee
The term "trust" includes any arrangement (other than an estate) which, although not a trust, has substantially the same effect as a trust.
In the case of an arrangement which is not a trust but which is treated as a trust under this subsection, the term "trustee" shall mean the person in actual or constructive possession of the property subject to such arrangement.
(A) has a right (other than a future right) to receive income or corpus from the trust,
(B) is a permissible current recipient of income or corpus from the trust and is not described in section 2055(a), or
(C) is described in section 2055(a) and the trust is—
(i) a charitable remainder annuity trust,
(ii) a charitable remainder unitrust within the meaning of section 664, or
(iii) a pooled income fund within the meaning of section 642(c)(5).
(2) Certain interests disregarded
(3) Certain support obligations disregarded
(A) such use is discretionary, or
(B) such use is pursuant to the provisions of any State law substantially equivalent to the Uniform Gifts to Minors Act.
(d) Executor
For purposes of this chapter, the term "executor" has the meaning given such term by section 2203.
(Added Pub. L. 99–514, title XIV, §1431(a), Oct. 22, 1986, 100 Stat. 2726; amended Pub. L. 100–647, title I, §1014(g)(6), (8), (9), (14), (20), Nov. 10, 1988, 102 Stat. 3565–3567; Pub. L. 105–34, title XIII, §1305(b), Aug. 5, 1997, 111 Stat. 1040; Pub. L. 105–206, title VI, §6013(a)(3), (4)(A), July 22, 1998, 112 Stat. 819.)
1998—Subsec. (b)(1). Pub. L. 105–206, §6013(a)(4)(A), struck out at end "Such term shall not include any trust during any period the trust is treated as part of an estate under section 645."
Pub. L. 105–206, §6013(a)(3), substituted "section 645" for "section 646".
1997—Subsec. (b)(1). Pub. L. 105–34 inserted at end "Such term shall not include any trust during any period the trust is treated as part of an estate under section 646."
1988—Subsec. (a)(1). Pub. L. 100–647, §1014(g)(9), substituted "any property" for "a transfer of a kind" in subpars. (A) and (B) and inserted at end "An individual shall be treated as transferring any property with respect to which such individual is the transferor."
Subsec. (a)(3). Pub. L. 100–647, §1014(g)(14), substituted "any trust" for "any property" in subpars. (A) and (B) and "may elect to treat all of the property in such trust" for "may elect to treat such property" in closing provisions.
Subsec. (c)(2). Pub. L. 100–647, §1014(g)(8), struck out "nominal" before "interests" in heading and substituted "any tax" for "the tax" in text.
Subsec. (c)(3). Pub. L. 100–647, §1014(g)(6), added par. (3).
Subsec. (d). Pub. L. 100–647, §1014(g)(20), added subsec. (d).
Amendment by Pub. L. 105–34 applicable with respect to estates of decedents dying after Aug. 5, 1997, see section 1305(d) of Pub. L. 105–34, set out as an Effective Date note under section 645 of this title.