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CHAPTER 18
ESTATE AND GIFT TAXES ON RETIREMENT BENEFITS
§ 18.01 Overview of Estate and Gift Taxes on Retirement Benefits
-----[1] Gift Tax on Beneficiary Designation
-----[2] Estate Tax on Retirement Benefits
-----[3] Estate Tax Marital Deduction
-----[4] Estate Tax Charitable Deduction
-----[5] Estate Tax Exclusion for Pre-1985 Retirement Benefits
-----[6] Income Tax Deduction for Federal Estate Taxes Paid
§ 18.02 Gift Tax on Beneficiary Designation
-----[1] Retiree Unlikely to Incur Gift Taxes on Retirement Benefits
-----[2] Marital Deduction for Irrevocable Gifts to Spouse
-----[3] The $5,000,000 Lifetime Exclusion
§ 18.03 Estate Tax Treatment of Retirement Benefits
-----[1] Taxable Estate and Effect of the Applicable Exclusion
----------[a] The Tax Rate and Exclusion Amount
----------[b] Deceased Spouse Unused Exclusion Amount
----------[c] Election of Carryover Basis for 2010 in Lieu of Estate Tax
----------[d] Applicability to Retirement Benefits
-----[2] The Marital Deduction
----------[a] Marital Deduction for a Retirement Plan or Arrangement
----------[b] Recipient Trust Subject to Spouse's General Power of Appointment
----------[c] QTIP Election for a Plan, Arrangement, or Beneficiary Trust
---------------[i] Advantages Afforded by a QTIP Election
---------------[ii] QTIP Election for a Retirement Plan or Arrangement
---------------[iii] QTIP Election for a Trust that Is Beneficiary of a Plan or Arrangement
---------------[iv] Control of Beneficiary Selection vs. Reduced Tax Deferral
---------------[v] Accumulations of Required Minimum Distributions in Trust
---------------[vi] Spousal Power over IRA Income Not Exercised
---------------[vii] Automatic QTIP Election for Survivor Annuities
---------------[viii] Effect of QTIP Election on Surviving Spouse's Gross Estate
-----[3] Exempt Charitable Organization as a Plan Beneficiary
-----[4] Exclusion Dependent on Certain Pre-1985 Events
-----[5] Effective Use of the Applicable Exclusion
§ 18.04 Income Tax Deductions for Estate Tax Paid
-----[1] Estate Tax Paid on Inherited Income
-----[2] Retirement and Annuity Payments as Inherited Income
-----[3] Computation of Income Tax Deduction for Portion of Estate Tax Liability
§ 18.05 The Generation-Skipping Tax (GST)
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ESTATE AND GIFT TAXES ON RETIREMENT BENEFITS
§ 18.01 Overview of Estate and Gift Taxes on Retirement Benefits
-----[1] Gift Tax on Beneficiary Designation
-----[2] Estate Tax on Retirement Benefits
-----[3] Estate Tax Marital Deduction
-----[4] Estate Tax Charitable Deduction
-----[5] Estate Tax Exclusion for Pre-1985 Retirement Benefits
-----[6] Income Tax Deduction for Federal Estate Taxes Paid
§ 18.02 Gift Tax on Beneficiary Designation
-----[1] Retiree Unlikely to Incur Gift Taxes on Retirement Benefits
-----[2] Marital Deduction for Irrevocable Gifts to Spouse
-----[3] The $5,000,000 Lifetime Exclusion
§ 18.03 Estate Tax Treatment of Retirement Benefits
-----[1] Taxable Estate and Effect of the Applicable Exclusion
----------[a] The Tax Rate and Exclusion Amount
----------[b] Deceased Spouse Unused Exclusion Amount
----------[c] Election of Carryover Basis for 2010 in Lieu of Estate Tax
----------[d] Applicability to Retirement Benefits
-----[2] The Marital Deduction
----------[a] Marital Deduction for a Retirement Plan or Arrangement
----------[b] Recipient Trust Subject to Spouse's General Power of Appointment
----------[c] QTIP Election for a Plan, Arrangement, or Beneficiary Trust
---------------[i] Advantages Afforded by a QTIP Election
---------------[ii] QTIP Election for a Retirement Plan or Arrangement
---------------[iii] QTIP Election for a Trust that Is Beneficiary of a Plan or Arrangement
---------------[iv] Control of Beneficiary Selection vs. Reduced Tax Deferral
---------------[v] Accumulations of Required Minimum Distributions in Trust
---------------[vi] Spousal Power over IRA Income Not Exercised
---------------[vii] Automatic QTIP Election for Survivor Annuities
---------------[viii] Effect of QTIP Election on Surviving Spouse's Gross Estate
-----[3] Exempt Charitable Organization as a Plan Beneficiary
-----[4] Exclusion Dependent on Certain Pre-1985 Events
-----[5] Effective Use of the Applicable Exclusion
§ 18.04 Income Tax Deductions for Estate Tax Paid
-----[1] Estate Tax Paid on Inherited Income
-----[2] Retirement and Annuity Payments as Inherited Income
-----[3] Computation of Income Tax Deduction for Portion of Estate Tax Liability
§ 18.05 The Generation-Skipping Tax (GST)
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an attorney, accountant, or other professional; and the author is not offering legal, accounting, or
other professional advice. The material presented on this website is not intended for use, and may
not be used, to avoid tax penalties. If you need legal advice or other professional help, you should
seek (from an independent attorney, accountant, or other competent professional) advice based on
your own particular circumstances.
matter covered. However, the information provided on this website is not a substitute for the advice of
an attorney, accountant, or other professional; and the author is not offering legal, accounting, or
other professional advice. The material presented on this website is not intended for use, and may
not be used, to avoid tax penalties. If you need legal advice or other professional help, you should
seek (from an independent attorney, accountant, or other competent professional) advice based on
your own particular circumstances.