Although assets are typically valued for federal estate tax purposes as of the date of death, Internal Revenue Code Section 2032(a) provides that, generally, if an estate elects, [i]n the case of property distributed, sold, exchanged, or otherwise...
Dear federal lawmakers: It's time to change the law so that individual retirement account custodians, not the elderly, are responsible for withdrawing the required minimum distributions (RMDs) from their IRA accounts. Let's stop expecting the...
The Internal Revenue Service has been concerned about whether retirement benefit plans qualify for the marital deduction when they're left to a trust that ordinarily qualifies for the marital deduction. Hard to believe that this would even be in...