When Electing Out Makes Sense

Our company, Fiduciary Trust Company International, was appointed executor of an estate of a client who died in 2010. Our client's wife had died in 2005. The value of the estate was approximately $50 million, consisting of a marital trust created under the decedent's late wife's will and his own investments held in a revocable trust and in other investments.

Our company, Fiduciary Trust Company International, was appointed executor of an estate of a client who died in 2010. Our client's wife had died in 2005.

The value of the estate was approximately $50 million, consisting of a marital trust created under the decedent's late wife's will and his own investments held in a revocable trust and in other investments. Nearly all of the decedent's securities had significant built-in gains; for example, he owned shares of a Fortune 500 company wi

All access premium subscription

Your subscription will include 12 months of Trusts & Estates magazine and access to premium content on WealthManagement.com.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish