EST2601. The QTIP Election - What You Need to Know

Qualifying for the estate tax marital deduction by making a QTIP election seems simple. However, the election is full of technical requirements and traps for the unwary. This session will explore the QTIP requirements including what types of interests qualify, who makes the election, how to QTIP an IRA, how to cure a defective QTIP election and recent cases that deal with Section 2519 and terminating a QTIP trust and much, much more.

Learning Objectives:

• Learn who makes the QTIP election and how to make it.
• Learn what type of interests qualify for the QTIP election.
• Discover how a "Clayton" QTIP can provide flexbility as to who can benefit from a trust for which a QTIP election is not made
• Discover the many planning opportunities that are available with a QTIP election.