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Q-TIP trusts and loss of marital deduction
Q-TIP TRUSTS AND LOSS OF MARITAL DEDUCTION In a recent IRS letter ruling, no. 8843004, the decedent bequeathed his entire estate to an existing inter vivos trust. The trust provided that 50% of the n...(Continue Reading) To love, honor & deduct - marital status is connected to tax status
Many African Americans do not realize that marital status and changes in that status may be taxable. Topics such as clear pre-marriage communication, prenuptial ......(Continue Reading)Administrative expenses and the marital deduction
Two recent Tax Court rulings are in direct conflict with an appeals court ruling regarding the amount of the marital deduction allowed under Section 2056....(Continue Reading)Contingent transfers and the marital deduction--an area of continuing controversy
One of the more heated disputes between the Internal Revenue Service (IRS) and estate planners (and their clients) has been the use of contingent bequests ......(Continue Reading)The Walton GRAT and marital deduction planning
I. Introduction In A.J. Walton,1 the Tax Court gave taxpayers a surprise victory by ruling that a retained annuity for a set term of years in a grantor ......(Continue Reading)
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