Funding Marital Trusts: Mistakes and Their Consequences

80 Pages Posted: 3 Aug 2014

Multiple version iconThere are 2 versions of this paper

Date Written: August 1, 1996

Abstract

Mistakes occur in every profession, and attorneys practicing estate administration are not immune from this phenomenon. Funding marital trusts at the death of the first spouse engenders numerous opportunities for mistakes given the complex and technical nature of the tax law and the variety of funding clauses. Mistakes in funding marital trusts remain prevalent and cannot be overstated, as the result is often lengthy litigation and endless estate and gift taxes. Therefore, the practice of estate administration and funding of marital trusts demands an awareness of both the possibility of these errors and the various available remedial options.

Keywords: Tax

JEL Classification: K34

Suggested Citation

Soled, Jay and Wolf, Dena and Arnell, Nathan, Funding Marital Trusts: Mistakes and Their Consequences (August 1, 1996). Real Property, Probate and Trust Law Journal, Vol. 31, No. 88, 1996, Available at SSRN: https://ssrn.com/abstract=2475211

Jay Soled (Contact Author)

Rutgers University ( email )

1 Washington Park
Newark, NJ 07901-1825
United States
(973) 353-1727 (Phone)

Dena Wolf

Independent

Nathan Arnell

Independent

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