The interplay of related tax statutes does not always produce logical results. Consider the following facts:
Husband died a resident of New York in 2010 when there was no federal estate tax. His will created a qualified terminable interest property (QTIP) trust for the benefit of his surviving spouse. Wife died a resident of New York in 2014. At the time of her death, the value of her individual assets exceeded the New York estate tax threshold then in effect.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
