TITLE

Triple-tax threat in succession planning

AUTHOR(S)
O'Connell, John J.
PUB. DATE
October 1998
SOURCE
National Underwriter / Life & Health Financial Services;10/5/98, Vol. 102 Issue 40, p11
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Discusses the triple-tax threat in family business succession planning. Estate-tax value exceeding buy-sell price; Loss of marital deduction; Gift by children.
ACCESSION #
1185773

 

Related Articles

  • Give to your children or Uncle Sam...what a choice! Williams, James F. // Indianapolis Business Journal;8/29/94, Vol. 15 Issue 22, Banking & Financial... p14B 

    Discusses matters pertinent to estate planning. Estate, gift and inheritance taxes; Composition of an estate; Unified credit trust; Lifetime gifts.

  • Heavy Petting. Wickenden, Tony // Money Marketing;12/20/2001, p28 

    Comments on the inheritance tax (IHT) regime in Great Britain. Best practice of IHT planning for married couples; Way by which control over the asset gifted can be maintained.

  • Rules less stringent for giving away assets. DeMarco, Peter // Crain's Cleveland Business;03/08/99, Vol. 20 Issue 10, p22 

    Talks about the court decision in the United States which allows business owners who are giving away assets as an estate planning strategy to do so more aggressively. Concern about estate tax liability; Gift tax rules; Details of the case; Valuation of assets for gift tax purposes.

  • Planning for Ascertainable Standards Under Code Section 2041. Englebrecht, Ted D.; Lockwood, M. Jill // Journal of Financial Planning;May2001, Vol. 14 Issue 5, p120 

    A power of appointment is an excellent estate planning and management technique that can allow a grantor to retain significant control over transfers, yet avoid income and estate tax consequences .To achieve these beneficial results, a technique of ascertainable standards must be used. However,...

  • Partially exempt transfers. Carmichael, Keith // Accountancy;Aug1975, Vol. 86 Issue 984, p54 

    The article discusses the provisions of the Finance Act 1975 in Great Britain. The stipulated conditions under the law are related to partial exemption where there are transfers between spouses, gifts to charities, political parties, for national purposes and for the public benefit. The first...

  • RECIPROCAL TRUSTS IN ESTATE AND GIFT TAXATION. Lyman, Yale M. // California Law Review;Spring54, Vol. 42 Issue 1, p151 

    Discusses issues concerning reciprocal trusts in estate and gift taxation. Events surrounding creation or provision of the trust; Motive for creation; Acknowledgment of a malleable trustee in reciprocal trust litigation.

  • CLIENT REPORT.  // National Public Accountant;Jul2003, p44 

    Deals with the use of a program of giving gifts in estate planning in the U.S. Advantages of a carefully planned gift-giving program; Value of gifts in income tax planning; Worth of gifts that can be given per recipient per year free of gift tax.

  • Gifts which revert to the estate and the three-year rule. Sorkin, Mitchell // CPA Journal;Aug95, Vol. 65 Issue 8, p73 

    Focuses on the use of lifetime gifts to reduce eventual estate taxes. Taxation requirements of gifts; Appreciation or income generated from excluded gifts; Gift splitting; Marital deductions; Possible reversions to the estate and of the three-year rule.

  • Don't look discounted gift trust in mouth. Jelley, Colin // Money Marketing;8/7/2003, p33 

    Focuses on inheritance tax treatment of discounted gift trusts in Great Britain. Role of this arrangements in enabling investors to give away assets but keep the right to an income without creating a gift reservation; Laws relating to gift with reservation; Implications on inheritance tax...

  • What If The Estate Tax Ends? Blazzard, Norse N.; Hasenauer, Judith A. // National Underwriter / Life & Health Financial Services;8/16/99, Vol. 103 Issue 33, p7 

    Discusses the estate tax in the United States. Tax legislation that could modify or end estate and gift taxes; Reason estate taxes have often been characterized as the only voluntary tax imposed by the government.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics