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I am preparing a Form 706 for a decedent with a Gross Estate
I am preparing a Form 706 for a decedent with a Gross Estate of approx $8,500.000. The majority of the assets are stocks. The decedent had a Spousal Family Trust under his social security number that … read more
Dr. Fiona Chen
Dr. Fiona Chen
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Will states use bypass trust up to credit limit for this
Will states use bypass trust up to credit limit for this first to die. Total gross estate is 5,280.00 and outright joint assets with spouse were $2,680,000 How and where do I report the remaining asse… read more
Dr. Fiona Chen
Dr. Fiona Chen
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I am filling out a Form 706 only to take advantage of the
I am filling out a Form 706 only to take advantage of the portability aspect since the Estate is below the deduction amount. Are there any short cuts in filling out the various schedules that I can us… read more
taxmanrog
taxmanrog
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Second opinion please--Elderly married man passed away with
Second opinion please--Elderly married man passed away with about $3 million in assets. Most of it in a family trust with him and wife being trustees. Their accountant want widow to file Form 706. It … read more
James Daloisio
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My father passed away in 2016. Years ago he and his wife
My father passed away in 2016. Years ago he and his wife (still living) set up a Life Estate in the will as regards ***** ***** they owned in their name. Their six children are to receive designated p… read more
Mark Taylor
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I am trying to minimize the amount of estate tax that my
I am trying to minimize the amount of estate tax that my wife would have to pay in the event of my death. She is expecting to receive a payment soon from her attorney for a wrongful injury settlement … read more
Lev
Lev
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This is a question. Asad Rahman, Estate Lawyer. What is
This is a question for Dr. Asad Rahman, Estate Lawyer. What is currently the % federal tax heirs should pay? I understood if the total value of the heritage is $5 million or more the tax rate is very … read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
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Gift Tax and Estate Tax I'm trying to understand this.
Gift Tax and Estate Tax I'm trying to understand this. In a home of a widower, $5.4 in gifts have been given out. With the estate gift tax, does that mean an additional $5.4m can be given out complete… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
29,940 satisfied customers
I will be inheriting one million dollar value of property
I will be inheriting one million dollar value of property sale from house beach property etc will the wife and I be safe from state WA. and federal inheritance taxes. ***** ***** e mail *****@******.*… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
29,940 satisfied customers
We are retired farmers, I am 70, my wife is 72. Most of the
We are retired farmers, I am 70, my wife is 72. Most of the land is titled to me and was aquired before we married. We have been married 25 years. We need to update our wills. The estate is close to $… read more
taxmanrog
taxmanrog
Master's Degree
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Trying to fill out form 706 after my husband died. Married
Trying to fill out form 706 after my husband died. Married from 1984 - 2013. He either lived with or had a brief marriage in the late 60's but i have no information of who, where … it just never was a… read more
Lev
Lev
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Bachelor's Degree Equivalent
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On Form 709, how do you complete Schedule C, Part 1 D&E. In
On Form 709, how do you complete Schedule C, Part 1 D&E. In 2012, a mother gave her son and daughter each 150,000. These are the first gifts she has given. The father died in 2011 and has a DSUE of 3,… read more
Lev
Lev
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Bachelor's Degree Equivalent
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Hello, I am preparing a Year 2012 Form 706. Husband passed
Hello, I am preparing a Year 2012 Form 706. Husband passed away survived by spouse. The estate is not taxable due to the Unlimited Marital Deduction. I have 3 questions: 1. Husband & wife owned 100% o… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
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If, in the case of a married couple having assets filed as
If, in the case of a married couple having assets filed as 'jtwros' , one of them dies, will estate taxes be taken out of the deceaseds half of said assets. If so, how can this loss be avoided ?… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
29,940 satisfied customers
I have a question re: the preparation of Form 706. How do
I have a question re: the preparation of Form 706. How do I properly show the allocation of the assets of a surviving spouse (c. $6,000,000) as having been part of a marital trust in the estate of the… read more
PDtax
PDtax
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Master's Degree
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A non-resident foreign couple, who are citizens of Switzerland,
A non-resident foreign couple, who are citizens of Switzerland, owns a piece of residential real estate in the US. It is held in a trust in both their names. The wife dies. Does a 706-NA need to be fi… read more
socrateaser
socrateaser
43,144 satisfied customers
Im preparing Form 706. I have two questions. 1. Husband died
I'm preparing Form 706. I have two questions. 1. Husband died survived by spouse. He has a taxable estate. They owned real estate jointly with right of survivorship. Assume a fmv of $200,000. The wife… read more
BK-CPA
BK-CPA
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Estate Taxes Form 706, 2001/ Surviving Spouses Form 706
Question is for the Form 706, year 2001: Where joint owners of property are husband and wife, one-half of the value of the jointly held property is included in the estate of the first joint tenant to … read more
Jon Andrews
Jon Andrews
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