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 88.
... distributed to a beneficiary. State law creates taxable legal interests and property rights in estates. The ultimate ... distribution of that property to the decedent's beneficiary's or heirs. Federal Gift Tax Code Section 2501 imposes a ...
... distribute trust property for the grandchild's support.28 Under the Tax Reform Act of 1986 (TRA '86),29 a GST means a taxable distribution, a taxable termination and a direct skip.30 In each case, a GST of income or principal to a ...
... distribution is a GST. 3. Grandparent creates a testamentary trust and provides a life estate for grandparent's child with remainder to grandchild. Child receives income only from the life estate and has no power over the beneficial ...
... distribution (i.e., to die 111I.R.C. § 2511(c). 112See Commerce Clearing House, ed., 2001 Tax Legislation: Law, Explanation and Analysis (Economic Growth and Tax Relief Reconciliation Act of 2001), Commerce Clearing House, Chicago, IL ...
... distribution, such as a life estate created by another person. Transfer Taxes Imposed upon the Estate The value of a decedent's estate may be subject to federal estate tax and state death taxes (transfer taxes).118 For both tax and ...
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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 |