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A decedent died, leaving stock to his wife in a Qualified
A decedent died, leaving stock to his wife in a Qualified Terminal Interest Property trust. The executor of the decedent's estate makes QTIP election. When the wife dies, this section 2044 property wi… read more
Lev
Lev
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Bachelor's Degree Equivalent
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I am located in Massachusetts and I have a estate question.
Hi I am located in Massachusetts and I have a estate question. My parents have a irrevocable trust splitting their assests between them. My question is what can be done with the trust to eliminate Mas… read more
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Lane
JD, MBA, CFP, CRPS
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Where to show bypass trust info on 706, where on 706 do i
where on 706 do i list or the the bypass trust got some of the assets … read more
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Do i need to file a 706 first spouse to die if his
do i need to file a 706 for the first spouse to die if his estate is valued at $8m and all passes to the surviving wife? (Other than for portability)… read more
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Lev, My father has a question regarding qualified disability
Lev, My father has a question regarding qualified disability trusts. My nephew is disabled. My brother before he died this year had set up a special needs trust for my nephew. The trust was set up in … read more
Lev
Lev
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Bachelor's Degree Equivalent
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Yes, Good afternoon, I have questions tax/estate attorney concerning
Yes, Good afternoon, I have questions tax/estate attorney concerning the allocation and distribution using Qtip and the use of the marital trust executed per my husbands will.… read more
Lane
Lane
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Doctoral Degree
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I live in Georgia and my sister lives in California. We have
I live in Georgia and my sister lives in California. We have just inherited 50% each of our parent's house located in San Diego, CA. It was placed into a trust in the early 90s. Our mother passed in 1… read more
jgordosea
jgordosea
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I am trying to prepare an exemption trust tax return. (My
I am trying to prepare an exemption trust tax return. (My dad died and our attorney said we should try fund the exemption trust so that it is not subject to potential estate tax when my mom passes awa… read more
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If I currently have a grantor trust (revocable) and the current
If I currently have a grantor trust (revocable) and the current value of the estate is 6,000,000.00 and their are three beneficiaries , one of whom is my wife, under current estate tax exemption would… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
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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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My wife died several months ago and her estate is not large
My wife died several months ago and her estate is not large enough to incur estate tax. She has left all her assets in a family trust which is wholly to my benefit. I have been advised to file Forn 70… read more
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how do you figure out capital gains for an A/B trust when the
how do you figure out capital gains for an A/B trust when the sale is after the second death?… read more
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Bill
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My father had a living trust and he died in 2002. His trust
My father had a living trust and he died in 2002. His trust remained in existence until my mother died in 2008. My mother received income and was able to invade principal under the trust. Now that she… read more
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how much will myself and my three siblings pay in ...
how much will myself and my three siblings pay in inheritance tax. the total estate''s value is approximately $2mm in stocks and muni bonds, and another 1mm in property (condo, cars, jewelry)... There… read more
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What is the estate tax rate in N.J. now in 2007 & in 2009.
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For a family Trust (Exemption Trust created when the spouse ...
For a family Trust (Exemption Trust created when the wife died): husband died 9/23/06 and had $3000 capital loss in trust as of that date. From 9/24/06 - 12/31/06 Trust is taxed to three beneficiary/c… read more
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In his will, someone left $800,000 in a marital trust ...
In his will, someone left $800,000 in a marital trust for his wife. She is to receive the income for as long as she lives, and when she dies the assets in the trust go to a child by a previous marriag… read more
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My husband died. He owned a home that was put in trust ...
My husband died. He owned a home that was put in trust with income to me and at me death the house goes to HIs children. Now the house is sold. If they the trust pays me a lump sum how is it taxed Opt… read more
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