Administration of a qualified trust.

CFR · 2024-01-01 · US · Title 5

(a) (i) In the case of the blind trust, the proposed communication is approved in advance by the Director and it relates to: (A) A distribution of cash or other unspecified assets of the trust; (B) The general financial interest and needs of the interested party including, but not limited to, a preference for maximizing income or long-term capital gain; (C) Notification to the independent trustee by the employee that the employee is prohibited by a subsequently applicable statute, Executive order, or regulation from holding an asset, and to direction to the independent trustee that the trust may not hold that asset; or (D) Instructions to the independent trustee to sell all of an asset which was initially placed in the trust by an interested party, and which in the determination of the employee creates a real or apparent conflict due to duties the employee subsequently assumed (but nothing herein requires such instructions); or (ii) In the case of the diversified trust, the proposed communication is approved in advance by the Director and it relates to: (A) A distribution of cash or other unspecified assets of the trust; (B) The general financial interest and needs of the interested party including, but not limited to, a preference for maximizing income or long-term capital gain; or (C) Information, documents, and funds concerning income tax obligations arising from sources other than the property held in trust that are required by the independent trustee to enable him to fil

official document · source cfr-2024 · id 5:§ 2634.408