Living TrustsJohn Wiley & Sons, 2004. gada 28. apr. - 432 lappuses Everything estate owners need to establish a successful living trust When properly designed, a revocable living trust can provide all of the estate tax-saving benefits available under a decedent’s Last Will, eliminate a lifetime court-supervised financial guardianship of a person’s financial affairs in the event of physical or mental incapacity, and, upon the trustor’s death, facilitate estate administration without the necessity of a court-supervised process, or probate. Shockingly often, however, trusts are poorly designed and underfunded, nullifying all of their considerable advantages. Living Trusts, Third Edition shows the estate owner how to set up, fund, and manage a living trust that will protect the trustor’s financial affairs in both life and death. Order your copy today! |
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1.–5. rezultāts no 90.
... assets be used to discharge the parent's support obligation.27 Example Grandparent establishes an irrevocable trust for the benefit of grandparent's grandchild. The trustee has discretion to distribute property for the grandchild's ...
... assets. In the event of the child's death, because the value of the assets composing the life estate trust is not includable in the child's gross estate, it is not subject to estate tax. In effect, for estate tax purposes, the assets of ...
... assets to a revocable living trust is not a gift taxable event. Thus, as a general rule, none of the trustor's exemption amount is used up in effecting such conveyances. 65I.R.C. § 2631(a) and (c). 66I.R.C. § 2631(c)(1). 67Rev. Proc ...
... assets transferred to any beneficiary by up to a total of $1.3 million (i.e., the basis of the asset(s) may be modified).82 The basis of appreciated property 72I.R.C. § 2001(c)(2)(B). 73The 2001 Act, § 511(b) and (f)(1). 74I.R.C. § 2502 ...
... asset be adjusted above its fair market value.86 For these purposes, the decedent's personal representative will determine which assets and to what extent each asset receives a basis increase.87 The $1.3 million and $3 million amounts ...
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Part II Operation of a Revocable Living Trust and the Impact of Taxes | 133 |
Part III Lifetime Funding of a Revocable Living Trust | 213 |
Part IV Supporting Documents | 377 |
Bibliography | 391 |
Index | 399 |