[WSBAPT] Q-dot

[John J. Sullivan]

It's only necessary to avoid estate tax on first estate because non citizens do not enjoy an unlimited marital deduction. 

It's only necessary if the decedent's estate exceeds the federal or state threshold that cannot be covered entirely by the lifetime credit. 

It locks the assets in to being taxed later, so consider whether it makes sense to pay a little tax up front if, for example, the noncitizen survivor intends to return to country of origin and move administration of assets there with him or her  

Regards,
John Sullivan

Sent from my iPhone

> On Apr 6, 2015, at 1:06 PM, Sam Furgason <sam at furgasons.com> wrote:
> 
> Ken, the determining amount is the size of the decedent’s estate, not what the surviving spouse receives. The purpose of the QDOT is to defer the deceased’s spouse’s estate tax. If the deceased’s spouse’s estate is not subject to estate tax, no QDOT is necessary. It’s basically marital deduction turned deferral.
> S  
>  
> From: wsbapt-bounces at lists.wsbarppt.com [mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of Guardhi at aol.com
> Sent: Monday, April 06, 2015 10:44 AM
> To: wsbapt at lists.wsbarppt.com
> Subject: [WSBAPT] Q-dot
>  
> Does a q-dot have to be set up if the amount the foreign spouse receives is less than the taxable amount?
>  
> Ken Luce
> Tacoma, WA
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