Splitting Trust into 4 Separate Trusts Ruled Non-Taxable

In 3 Private Letter Rulings the IRS has recently ruled that splitting a trust into 4 separate trusts won't cause taxable gain or loss to any beneficiary, trust, or severed trust. The rulings addressed testamentary trusts and an irrevocable inter vivos trust. PLR 200904014, PLR 200904015, PLR 200904016.