This blog post is about my recent winning entry in the 2016 Heckerling Institute on Estate Planning Tax Court Opinion writing contest. This is a contest Richard Covey (who is with the New York law firm Carter, Ledyard & Milburn, LLP and a founding member of Heckerling) presented to the Heckerling participants.
This contest centered on an extremely interesting, and now in my evolving view, broadly relevant, estate tax planning question dealing with the QTIP marital deduction.
More particularly, this QTIP question is good food for thought for a broad number of married couples, especially whose net worth hovers around the combined (current) $10.9 million federal exemption value. For this blog post I am not making a recommendation one way or the other about whether clients apply this QTIP planning.
I include the following two links for readers who wish to delve further into this QTIP question and my hypothetical Tax Court Opinion in response to the contest.
The first link is yesterday’s newsletter in the Leimberg Information Services newsletter service. Click here for a link to the newsletter.
Click this second link here for my contest Tax Court opinion.
You are welcome, and I have no objection, to anyone forwarding or printing this blog post and these two links for other readers. Also email me if you have any thoughts or comments that further shed light on this QTIP question. Here also is the link to the Leimberg Information Services website.