Clayton QTIP Election
Aug 24, 2023OUTCOME: Favorable
Qualified terminable interest property election made to enable both estate tax and capital gains tax savings by adjusting basis to FMV over the entirety of the property.
Newton, MA
Estate planning Lawyer at Newton, MA
Practice Areas: Estate Planning, Tax ... +2 more
OUTCOME: Favorable
Qualified terminable interest property election made to enable both estate tax and capital gains tax savings by adjusting basis to FMV over the entirety of the property.
OUTCOME: Favorable
Portability election on first to die spouse to enable unused federal estate tax exemption be granted to surviving spouse.
OUTCOME: Favorable
Qualified disclaimer of interests passing to non-spouse to reduce estate taxes from over $100,000 to zero and to reduce significantly income taxes.