Estate tax treaties between the U.S. and foreign countries help foreigners with U.S. assets. They do not help U.S. citizens ...

Consequently, the trust maker must file a Form 709 gift tax return to report the completed gift to the IRS. Example. A trust maker has property worth $13.61 million. They make a completed gift of ...

The rule is more generous if the house is held as community property. The entire tax basis is stepped up to fair market value when the first spouse dies. Here’s an example. Let’s say you and ...

the beneficiaries are exempt from estate tax even if the assets actually appreciate by a greater amount. Related stories Here is an example of how a CLAT can work from Michael Prinzo, managing ...