James G. Blase is the principal of Blase & Associates LLC, focusing on tax, estate and business succession planning. He is also an adjunct professor of estate planning at St. Louis University School of Law.
One planning technique would be to transfer, either by gift or by sale (including sales to a trust that’s “defective” for income tax purposes), affected interests before the date the proposed regulations become final.
When balanced against the income tax treatment of a nonqualified portfolio of investments, post-death distributions from qualified plans and IRAs will generally produce a significantly inferior result.
On July 10, 2015, Governor Jay Nixon of Missouri signed Senate Bill No. 164, which dramatically changes the Missouri qualified spousal trust requirements and, as a consequence, the entire asset protection landscape for Missouri married couples.
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