TITLE

Using a Lifetime QTIP Trust

AUTHOR(S)
Brody, Lawrence
PUB. DATE
April 1995
SOURCE
Journal of Financial Planning;Apr95, Vol. 8 Issue 2, p57
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
Examines the use of a qualified terminable interest property (QTIP) trusts technique in the United States. Requirements for a lifetime QTIP for gift-tax; Correlation between QTIP trusts and irrevocable trusts; Determination of the investment and management of the trust of the donee.
ACCESSION #
5559500

 

Related Articles

  • Chapter 9: Lowering Your Federal Estate Taxes.  // Complete Guide to Planning Your Estate In Florida;2009, p155 

    The article offers information on how to reduce the estate tax rate for estate planning in Florida. It states that advice from a financial planning attorney and the use of irrevocable trust and making gifts during someone's lifetime can reduce estate taxes. It discusses the AB trusts, qualified...

  • Reverse QTIP election-- A true story. Wasser, Max // CPA Journal;Sep97, Vol. 67 Issue 9, p70 

    Highlights the importance of carefully prepared Federal estate tax return with regards to qualified terminable interest property trust (QTIP) elections. Form 706 case history showing how computer encoding mistake almost resulted to generation skipping tax ramifications; Ruling of US Internal...

  • Revenue ruling 98-8: Purchases of QTIP remainder interests. Lipoff, Lawrence M. // CPA Journal;Jul98, Vol. 68 Issue 7, p58 

    Discusses the accounting treatment in the United States of a surviving spouse's purchase of a remainder in a qualified interest property trust (QTIP). Two scenarios presented by the US Internal Revenue Service (IRS); QTIP-related court rulings; Falsity of the IRS position.

  • Temporary and proposed regs to QTIP rules.  // Practical Accountant;Apr97, Vol. 30 Issue 4, p20 

    Identifies temporary and proposed tax regulations aimed at conforming estate tax regulation to recent court decisions involving the application of Qualified terminable interest property trusts and the marital deduction.

  • Trust can be tax-free to spouse and give donor income for life.  // Hudson Valley Business Journal;7/10/95 - 7/17/95, Vol. 6 Issue 31, p14 

    Presents information of the requirements for a trust to qualify as a lifetime qualified terminable interest property trusts (QTIP) for gift-tax purposes. Provision of donee spouse with the ordinary income from the trust; Non-provision of power to anybody to give trust principal during donee's...

  • Stock-funded trust not QTIP.  // Practical Accountant;Sep97, Vol. 30 Issue 9, p24 

    Reports on the disqualification of trust funded with stock of corporation which became S corporation, for qualified terminated interest property (QTIP) treatment. Why the stocks do not qualify.

  • Trust funded by IRA distribution was QTIP.  // Practical Accountant;Sep97, Vol. 30 Issue 9, p70 

    Focuses on a ruling by the Internal Revenue Service of the United States, which indicated that trust funded by proceeds from a decendent's individual retirement account qualified for martial deduction under the qualified terminated interest property (QTIP) rules. Example of the procedure; Terms...

  • Qualified terminable interest property (QTIP) trusts... Landau, Jerome; Svagna, Marco // CPA Journal;Aug97, Vol. 67 Issue 8, p58 

    Illustrates the concept of valuation discounts when valuing fractional interests either for gift tax purposes or estate tax purposes. How to determine the valuations for gift tax and estate tax; Discussions of the issues in US Internal Revenue Service Revenue ruling 93-12 and Bright Case in the...

  • Chapter 9: Lowering Your Federal Estate Taxes.  // Complete Guide to Planning Your Estate In Michigan;2009, p169 

    Chapter 9 of the book "Complete Guide to Planning Your Estate in Michigan: A Step-by-Step Plan to Protect Your Assets, Limit Your Taxes & Ensure Your Wishes Are Fulfilled for Michigan Residents." This chapter discusses how to reduce one's own federal estate taxes. Ways to reduce the estate tax...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sign out of this library

Other Topics