Blending families can be the hardest part of a second marriage. A family fortune only makes it more complicated. Wealthy Americans can use trusts to save on taxes and take care of their spouse's needs ...

There are a variety of reasons why a taxpayer may want to consider creating a QTIP trust if his spouse survives him. Taxpayer may be in a second marriage. He wants to provide for his spouse if she ...

Creating a trust as part of an estate plan can help protect assets and ensure your financial legacy is preserved. If you’re married, you may consider establishing a QTIP trust, which is short for ...

• QTIP trust estate tax value not reduced by obligation to survivor’s estate—In Estate of Kalikow v. Commissioner (T.C. Memo. 2023-21 (Feb. 27, 2023)), the Tax Court held that the full value of ...

Seymore Goldberg provided information for an upcoming CLE: QTIP Trusts Holding Interests in LLCs and Partnerships (Danger Zone) on Thursday, November 16th. Please find more information below: Many ...

Projecting the amount an investor will possess at the time of their death and the portion liable for federal estate taxes has always been an intricate process. Generous estate tax exemptions and the ...

Example. For example (based on a $5 million exemption) decedent (who has made $500,000 of taxable gifts protected by the unified credit) with a $10,000,000 estate leaves $4,500,000 in a credit shelter ...

As Washington mulls possible increases to estate taxes, clients still have strategies to consider to help them remove the sting. One of those strategies is to make gifts to trusts, which can take ...

C.A. 2nd December 22, 2008 B203254 The Second Appellate District reversed both a trial court judgment and a probate court order. The court held, as to the former, that a trust beneficiary had standing ...