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0304003 Informal Interpretation
us-ftc-hsr-informal-interpretations-f189a566bf9e8746a610757274d77e600304003 Informal InterpretationGuidance
Date
Rule
801.1(c)
Response/Comments
Agree that this does not constitute a revisionary interest in the trust.
Question
From (redacted)
Sent: Tuesday, April 08, 2003
To: Michael Verne
Subject: Question about trusts
Grantor establishes an irrevocable annuity trust, which pays the grantor annual income for life, with trust corpus payable to designated third party beneficiary upon grantor's death. Is the annual income a "reversionary interest in the corpus" for purposes of 801.1(c)(3)? I would think not, in which case this type of trust would qualify as a separate person for HSR purposes. Do you agree?
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