Absent a credit shelter trust, the surviving spouse
could benefit her children from her prior marriage to the detriment of the decedent's children.
Under a "power of appointment trust," the surviving spouse
must be entitled for life to all the income (see Q 863).
to allow a surviving spouse
the opportunity to make post death adjustments to the amount placed in the family or non-marital trust under the Exemption Trust Will, see chart on page 29).
For those of you who missed it, with effect from October 9 last year, a deceased spouse or civil partner's unused nil rate band is available to the surviving spouse
, regardless of when the spouse or civil partner died.
In order to not pay the taxes at the trust level, all income from a CST must be paid out to the surviving spouse
A lot of people aren't comfortable talking about the subject because they don't want to think about their husband or wife dying, but you have choices to make about your pension, Social Security, and investments, and the implications of those choices can have a lasting impact on your surviving spouse
In general, naming the surviving spouse
as beneficiary (with disclaimer as an option in favor of contingent beneficiaries such as a trust that has credit shelter and qualified terminable interest property (QTIP) provisions) is an advantageous selection for several reasons.
2017-34 relief, the decedent's DSUE is available to the surviving spouse
or the surviving spouse
's estate for application to the surviving spouse
's transfers made on or after the decedent's death under Estate Tax Regs.
House Bill 2683, or the proposed "Support for the Surviving Spouse
and Children of Slain Judiciary Officials Act," declares it is the State policy to promote judicial reform by supporting all judges and justices decide their cases objectively and fairly despite any risks of injury or death to themselves and their family by guaranteeing support for their spouse and children in the event that they are slain while dispensing Justice.
Former First Lady Imelda Marcos has been receiving pension from the government since 1994 for being a surviving spouse
of a war veteran and a Medal of Valor awardee.
In broad terms, the new rules allow the value of the ISA accounts held by a spouse at the time of their death to be used as an additional allowance for the surviving spouse
A study published online May 26 in JAMA Internal Medicine suggests that hospice care may help a surviving spouse
cope better with depression following the death of a loved one.