QTIP Elections in Estate Plans: When and How to Elect, Anenberg and McDougall, Interplay With Portability
Recording of a 110-minute CPE webinar with Q&A
This webinar will explain how QTIP trusts are utilized in estate plans. Our panel of trust and estate strategists will review the implications of the Anenberg and McDougall decisions for estates, point out when a QTIP election should be made on an estate return, and discuss the interaction of QTIP planning and portability.
Outline
- QTIP trusts: introduction
- Recent developments
- Anenberg v. Commissioner
- McDougall v. Commissioner
- Interplay with portability
- Making the election on Form 706
- Examples and illustrations
Benefits
The panel will cover these and other critical issues:
- Lessons learned from McDougall v. Commissioner
- The impact of a QTIP trust on DSUE (deceased spouse unused exclusion)
- Completing Schedule M, Form 706 for QTIP property
- Benefits and caveats of using QTIP trusts in estate plans
Faculty
Jeremiah W. (Jere) Doyle, IV
Senior Vice President
Bank of New York Mellon
Mr. Doyle provides clients with integrated wealth management advice on how to hold, manage and transfer their... | Read More
Mr. Doyle provides clients with integrated wealth management advice on how to hold, manage and transfer their wealth in a tax efficient manner. He is the editor and co-author of Preparing Fiduciary Income Tax Returns, a contributing author of Preparing Estate Tax Returns and Understanding and Using Trusts and a contributing author of Drafting Irrevocable Trusts in Massachusetts. He is a lecturer in law in the Graduate Tax Program at Boston University School of Law.
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S. Gray Edmondson
Partner
Edmondson Sage Allen
Mr. Edmondson practices in partnership, corporate, and individual tax planning; business transactions including mergers... | Read More
Mr. Edmondson practices in partnership, corporate, and individual tax planning; business transactions including mergers and acquisitions; business planning; tax controversy; estate and wealth transfer planning; probate; estate and trust litigation; asset protection; and charitable planning. He has conducted, authored, and directed numerous seminars for professional, academic, and civic groups on taxation, business, asset protection and estate planning. Mr. Edmondson works closely with clients to develop and implement such strategies.
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