Sentences with phrase «estate tax purposes so»
According to Estate Planning, charitable donations aren't limited for estate tax purposes so there isn't a dollar limit to the policy that you leave behind.
http://www.compuquotes.com/ Not exact matches
This document contains final regulations that provide transition rules providing that executors and other persons required to file or furnish a statement under section 6035 (a)(1) or (2) regarding the value of property included in a decedent's gross estate for federal estate tax purposes before June 30, 2016, need not have done so until June 30, 2016.
An ILIT removes the value of your life insurance from the estate so it is not included for tax purposes.
It is a trust owned policy for the purpose of paying estate taxes so you really have to look at more than just premium paid and death benefit received.
Finally, you may use life insurance if you have a large estate to fund an Irrevocable Life Insurance Trust, so that the life insurance benefits aren't included in the estate for tax purposes.
In the retail context, jurisdictions are still identifying the correct interest to be valued for real estate tax purposes, and the best appraisal methods to do so.
«So there is a dual purpose going on here — it is a security for securities law purpose, but a direct interest in real estate, for tax law purposes.»
But tax is its own universe, so for tax law purposes, when a DST is designed properly, is treated as a direct ownership interest in the underlying real estate,» said Steven R. Meier is co-chair of the real estate securities practice at Jenner & Block.