But your letter doesn't have that "WOW, I messed up" vibe, and his mother is still tormenting him, and that tells me there's still work to do on your
marital trust.
"Because it is reasonable to expect that a spouse will not betray the other spouse's
marital trust, the communication remains encased in its confidential patina," Judge Sally D.
"I always kill off the husband first, so my husband dies and it dumps into the
marital trust, the bypass trust," Stewart said.
If the terms of the bypass trust contain the key provisions to allow it to qualify as a
marital trust, a QTIP election can be made on Form 706 and the assets would get a step-up in basis on the second death.
There would be no estate tax upon A's death since the marital deduction (amounts going into the QTIP
marital trust) would reduce the estate tax base to the applicable exclusion amount of $5,490,000 (family trust).
Similarly, in Foster, the FMV of assets in the decedent's
marital trust was included in her gross estate without a discount because the trust's trustees had the authority to buy and sell the assets.
Where there is a blended family situation, it is not unusual to see the plan benefits first allocated to the
marital trust. It is very important for an account holder to immediately change a beneficiary designation upon divorce, or they will have to depend upon the ex-spouse beneficiary to disclaim the interest unless a state statute divests the ex-spouse of any interest in the plan.
Here we examine the role that dispositional humility may play in
marital trust.
Paula Priamos's Inside V tests the limits of
marital trust, sanity, and lawfulness in a narrative that is both shocking and gripping.
(20) On the other hand, the TPT credit has been allowed in numerous situations when the lifetime income for the transferee spouse is less certain than under a
marital trust. (21)
14 July 2015 - An Article 6
Marital Trust created under a Jerry Zucker Revocable Trust has purchased 985,200 common shares of Canadian fluid management technologies company Titan Logix Corp.
The definition of income for a trust under IRC section 643(b) requires that state law rules applicable to the determination of income be considered in determining a spouse's income interest in a
marital trust.
