Planning for Ascertainable Standards Under Code Section 2041
- 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.
- 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.
- ESTATE AND GIFT TAX REVISION. Collie, Marvin K. // National Tax Journal;Sep73, Vol. 26 Issue 3, p441
The article discusses about the need to revise a portion of the decedent's estate which according to the author, has escaped estate taxation as a marital or charitable deduction. At the outset, the author has explained about what comprises income tax at the time of death of the decedent. He...
- 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.
- 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...
- Using QPRTs. Brody, Lawrence; Rothermich, Douglas // Journal of Financial Planning;Jul94, Vol. 7 Issue 3, p106
This article examines the role of qualified personal residence trusts (QPRT) in estate planning in the U.S. A QPTR differ from a personal residence trust, which is allowed to hold as its only asset one residence of the grantor, in that it can also hold limited amounts of cash for specific...
- 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.
- Talking Tax. Jago, Margaret // International Money Marketing;Sep2004, p18
The article discusses issues related to taxation of gifts. The author says that the major advantage of making exempt gifts is that they fall out of the donor's estate immediately for Great Britain inheritance tax purposes. The exemption for normal expenditure out of income applies if a transfer...
- Estate planning. Fraser, Jill Andresky // Inc.;Dec2000, Vol. 22 Issue 18, p145
Deals with how entrepreneurs manage their estate planning by making gifts through trusts. Importance of estate planning for entrepreneurs; Federal estate-tax rate in the United States; Overview of a legislation on federal estate and gift taxes. INSET: Five situations, and what you should do.