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Tenants by Entirety Marital Deduction
BerkentLegalServices
107 views
A House Passes Tenants by the Entirety to the Surviving Spouse. What is the Tax Basis for the Spouse:
One-half of the value will be at a stepped-up basis. The remaining ...
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2011 Gift Tax Rate
BerkentLegalServices
1,668 views
Unless Changed, What Will be the Top Gift Tax Rate in 2011?:
55%
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Estate Tax Rate for 2010
BerkentLegalServices
44 views
What is the Estate Tax Rate for 2010:
0%. There is no estate tax rate (presently) for deaths occurring within 2010.
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What is a Credit Shelter Trust?
BerkentLegalServices
117 views
Attorney Ricky Berger explains what a Credit Shelter Trust, CST, is.
The Credit Shelter Trust (the "CST") is a mechanism to allow a spouse to use (not waste) the full est...
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QTIP and Unified Tax Credit
BerkentLegalServices
68 views
Attorney answers the question - Property passes through a fully-elected QTIP Trust. Does that property "use" any of the decedent's Unified Tax Credits?
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QTIP Qualifications
BerkentLegalServices
77 views
What are the QTIP Qualifications Under I.R.C. Section 2056(b)(7): One: The property must pass to the QTIP through the estate plan and NOT placed into the trust by the sur...
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2009 Unified Tax Credit
BerkentLegalServices
79 views
What was the "Unified Tax Credit" for 2009 (Amount)?: A credit against federal estate and gift taxes of $1,455,800 which is the equivalent of transferring $3.5M tax free ...
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Estate Planning How/Why is a Partial QTIP Election Used?
BerkentLegalServices
221 views
What is a partial QTIP Election: A partial QTIP Election is an election made by the executor of an estate, qualifying for the marital deduction only for the smallest porti...
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What is a QTIP Trust?
BerkentLegalServices
355 views
What is a "QTIP" Trust and What is Its Purpose: A "QTIP" trust is a vehicle which qualifies as a Marital Deduction transfer meaning any amount (without a cap) can pass fro...
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What is a Marital Trust?
BerkentLegalServices
162 views
Attorney Ricky Berger explains - What is a Marital Deduction Trust?
The marital deduction is a feature of federal estate tax law that helps delay estate taxes until both s...
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