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In 2015 Decedent dies with an estate valued at $10m. His ABS trust estate Plan was funded as follows:-
What is the QTIP election to be made in the following situations
Situation A – Decedents executor wishes to defer all estate taxes until decedents widow dies. what QTIP fraction should be elected for Trust B?
Situation B – Decedents executor wishes to defer all estate taxes until decedents widow dies. what QTIP fraction should be elected for Trust C ?
Situation C – Decedents executor wishes to equalize the taxable estates of decedent and his widow. What QTIP fraction should be elected for Trust C?
Situation D – Decedents executor wishes to equalize the taxable estatesof decedent equal to $7m? what QTIP frac tion should be elected for Trust C?
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