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! |
No grāmatas satura
1.–5. rezultāts no 91.
... tax purposes is that which the decedent actually transfers at death, rather than the interest held by the decedent before death or that held by the legatee after death.2 An estate tax credit (applicable credit amount) is allowed against ...
... purposes of applying I.R.C. Sections 2209 and 2501(c). Thus, for purposes of the U.S. gift tax, the donor is considered a nonresident—not a citizen of the United States.14 Such a donor will continue to be considered a nonresident—not a ...
... tax on lifetime transfers or estate tax imposed at death. Observation Certain interests are disregarded if the primary purpose of the interest is to avoid any GSTT. For example, if a transferor placed property in a trust that is to pay ...
... purposes of the GST tax is $39,000 [$50,000 – $11,000 gift tax annual exclusion for a gift of a present interest (2002) = $39,000]. Whether grandparent pays any GST tax depends on the extent of the grandparent's unused GST tax exemption ...
... tax. In effect, for estate tax purposes, the assets of the life estate trust have skipped the child's generation on their way to the grandchild. Such an arrangement constitutes a GST. With respect to the exemption from GSTT for a ...
Saturs
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 |