Alaska enacts additional estate planning legislation
Article Abstract:
The author discuss Alaskan estate planning legislation repealing the rule against perpetuities and the Delaware tax trap, defining creditors' remedies against partners and qualified state tuition plans, and trust modification requirements.
Publication Name: Estate Planning
Subject: Law
ISSN: 0094-1794
Year: 2000
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The Delaware tax trap and the abolition of the rule against perpetuities
Article Abstract:
The author discusses the Delaware tax trap regarding the federal estate tax and its relationship to the rule against perpetuities, which practitioners should be aware of when drafting trusts that permit beneficiaries to exercise nongeneral appointment power to create successive ones.
Publication Name: Estate Planning
Subject: Law
ISSN: 0094-1794
Year: 2001
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Requirements for QDOTs liberalized in new regulations
Article Abstract:
Proposed IRS regulations released under IRC section 2056A in 1992 governing the requirements placed on qualified domestic trusts with assets in excess of $2 million have become final, and additional proposed and temporary regulations have been released. Despite negative response, the 1992 proposed regulations requiring that at least one trustee be a bank or that a bond be posted by the trustee have been retained. The recent proposed regulations provide the option of using a letter of credit instead of a bond. The regulations do not affect treaty provisions.
Publication Name: Estate Planning
Subject: Law
ISSN: 0094-1794
Year: 1996
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