Recent private rulings highlight different ways to create an eligible S-corporation grantor trust

Article Abstract:

The author discusses the tax treatment of transfers of S corporation stock to grantor trusts for tax and estate planning purposes. IRS guidance and the relative merits of using this planning method are included in the discussion.

Tax Management, Analysis, Tax accounting, Securities, S corporations, Grantor trusts

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Think forward when drafting a QTIP trust

Article Abstract:

The author discusses IRS Revenue Ruling 199908033 which is used as an example of the importance of planning and careful drafting of QTIP (qualified terminable interest property) trusts.

Gifts, Trusts and trustees, Trustees, Trusts (Law), Qualified terminable interest property, Qualified terminable interest property trusts

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Marital cooperation is a signficant estate planning aid

Article Abstract:

The author examines a method set forth in IRS Letter Ruling 200022031 under which married couples can reduce and defer transfer taxes by using nonqualified disclaimers.

Methods, Usage, Married people, Disclaimer of gifts

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