Qualified domestic trusts (QDOTs), established under Internal Revenue Code Section 2056A, are used by decedents with taxable estates who wish to defer the federal estate tax due on assets passing to a surviving spouse who isn’t a U.S. citizen (a non-U.S. spouse). However, optimal design of a QDOT can decrease (and not just defer) the federal estate tax due by maximizing the fiduciary accounting income generated by the QDOT each year.1 Accordingly, an advisor facing a situation in
ARTICLE ACCESS REQUIRED
Please Log in if you are currently a Trust&Estates subscriber, or select DAYPASS for our new 24 hour access (nominal fee required).
If you are interested in unlimited article access for one year, please select Annual Subscription below.