Chapter 47 - CHAPTER 47 ESTATE TAX MARITAL DEDUCTION

• Jurisdiction: Colorado

Chapter 47 ESTATE TAX MARITAL DEDUCTION

Robert Wiegand II, Esq.

SYNOPSIS

§ 47.1 IN GENERAL

§ 47.1.1—Origin and Purpose
§ 47.1.2—Summary of Law

§ 47.2 BASIC REQUIREMENTS

§ 47.2.1—Citizen or Resident of United States
§ 47.2.2—Survived by Spouse
§ 47.2.3—Definition of "Spouse"
§ 47.2.4—Included in Decedent's Gross Estate
§ 47.2.5—Passing to Surviving Spouse

§ 47.3 NONDEDUCTIBLE INTERESTS

§ 47.3.1—Not Included in Gross Estate
§ 47.3.2—Nondeductible Terminable Interests
§ 47.3.3—Deductible Debt or Expense

§ 47.4 DEDUCTIBLE TERMINABLE INTERESTS

§ 47.4.1—Deductible Terminable Interests
§ 47.4.2—Life Estate with General Power of Appointment
§ 47.4.3—Qualified Terminable Interest Property (QTIP)
§ 47.4.4—Survivorship Exception
§ 47.4.5—Split Gifts to Spouse and Charity

§ 47.5 EXTENT OF MARITAL DEDUCTION

§ 47.5.1—Unlimited in Amount
§ 47.5.2—Transitional Rule
§ 47.5.3—Joint Ownership and Community Property

§ 47.6 MARITAL DEDUCTION PLANNING

§ 47.6.1—Outright Transfers
§ 47.6.2—Marital Trusts in General
§ 47.6.3—Power of Appointment Trust
§ 47.6.4—Estate Trust
§ 47.6.5—QTIP Trust
§ 47.6.6—QDOT Trust
§ 47.6.7—Retirement Plan Benefits
§ 47.6.8—Tax Consequences of Power of Appointment Trust
§ 47.6.9—Tax Consequences of Estate Trust
§ 47.6.10—Tax Consequences of QTIP Trust
§ 47.6.11—Tax Consequences of QDOT Trust

§ 47.7...