As possible estate tax increases loom over the horizon, clients can start considering moves to help soften the blow now, including making gifts to trusts. In particular, spouses can make a gift to a trust that allows for a qualified terminable interest property (QTIP) election.
Friedman's Brandon Baker, CPA, Partner, Trust, Estate and Gift Tax Practice Leader, shares his insights in the latest article for Financial Advisor.
“The spouse’s lifetime interest would provide that they receive all income at least annually,” Baker said.
To read the full article, head here.
