Central Intelligence – Nov 2011 – BIG WIN for Pru in STOLI Case, Estate Tax on Partnership Assets, Interest Deduction
Written by Matt on December 2, 2011 – 12:35 pm
In this issue:
- New final regulations under IRC 2036
- Florida district court voids policy ab initio after contestability period for lack of insurable interest, based on STOLI fraud
- Tax court allows estate deduction of interest on loan from decedent’s trust
- Undiscounted value of partnership assets included in decedent’s gross estate
- Sale of a marital trust’s limited partnerships not self-dealing
- IRS allows “Direct” transfer of IRA proceeds to beneficiary’s IRA following malfeasance by fiduciary
- Case in point: basic estate planning
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