Cincinnati Ohio Will with Marital Deduction and Bypass Trust

Category:
State:
Multi-State
City:
Cincinnati
Control #:
US-0971BG
Format:
Word; 
Rich Text
Instant download

Description

A marital deduction is an estate tax deduction that allows one spouse to transfer upon death an unlimited amount of property to his/her spouse without creating liability for estate or gift tax. The disadvantage is that, although you can transfer any amount that you want to your spouse, if your spouse survives you (and does not remarry), there will be no marital deduction available to lessen the estate tax liability at his or her later death.
The marital deduction may only be taken for transfers of property between spouses. Whether a couple is married or not is determined under state law. For transfers at death, the marital deduction applies only to property included in the gross estate for federal estate tax purposes.

A bypass trust allows a married couple, in certain cases, to shelter more of their estate from estate taxes. The first spouse to die can leave assets in a trust which can provide income to the surviving spouse for the rest of his or her life, taking advantage of the unified credit provided under Federal Gift and Estate Tax law. Upon the death of the second spouse, the assets in the trust pass directly to the children or other beneficiaries, without being taxed at the second spouse's death.

This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
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  • Preview Will with Marital Deduction and Bypass Trust
  • Preview Will with Marital Deduction and Bypass Trust
  • Preview Will with Marital Deduction and Bypass Trust
  • Preview Will with Marital Deduction and Bypass Trust
  • Preview Will with Marital Deduction and Bypass Trust
  • Preview Will with Marital Deduction and Bypass Trust
  • Preview Will with Marital Deduction and Bypass Trust
  • Preview Will with Marital Deduction and Bypass Trust

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FAQ

In the 1800s, German immigrants settled in Over-the-Rhine and started brewing beer?so much beer in fact that Cincinnati came to be known as the ?Beer Capital of the World.? Today Cincinnati is still famous for beer and is home to over 50 breweries. What is Cincinnati Famous For? cincinnatiexperience.com ? blog ? what-is-ci... cincinnatiexperience.com ? blog ? what-is-ci...

Facts About Cincinnati The country's first female owned and operated large manufacturer. ... The largest Oktoberfest celebration in the country. ... First public TV station in the US. ... The prototype of the Brooklyn Bridge. ... Lazarus Lizards, which were brought here from Italy by a vacationer more than 50 years ago.

Cincinnati's claim to the ?Queen City? In her garlands dressed, On the banks of the Beautiful River. This was a reference to the vineyards* in the Cincinnati area that grew in the surrounding hills, and the ?Queen of the West? refers to the city of Cincinnati itself. Those are the two cases for the nickname. Which Queen City is the real Queen City? - Axios Charlotte axios.com ? local ? charlotte ? 2016/07/13 axios.com ? local ? charlotte ? 2016/07/13

Five dishes to try in Cincinnati Cincinnati Chilli. Distinctively spiced with cinnamon, allspice and cloves, Cincinnati's mild chilli has been served with a hot dog or spaghetti since the 1920s. Goetta. ... Graeter's Ice Cream. ... Grippo's Chips. ... Holtman's Donuts.

Top Attractions in Cincinnati Cincinnati Zoo & Botanical Garden. 3,979. Zoos. ... Great American Ball Park. 2,946. ... Cincinnati Museum Center. 1,854. ... Cincinnati Art Museum. 1,108. ... American Sign Museum. 880. ... Spring Grove Cemetery & Arboretum. 757. ... Roebling Suspension Bridge. 692. ... National Underground Railroad Freedom Center. 1,065.

The city received the nickname ?Porkopolis? as it became the leading meat processing center in the US in the early 1800s. Cincinnati is the home of the first professional baseball team, the Cincinnati Red Stockings, now known as the Cincinnati Reds.

Cincinnati is in Hamilton County and is one of the best places to live in Ohio. Living in Cincinnati offers residents an urban suburban mix feel and most residents rent their homes. In Cincinnati there are a lot of bars, restaurants, coffee shops, and parks.

Cincinnati is the home of several famous athletes including basketball legend Oscar ?Big O? Robertson, baseball's Pete Rose, and NFL Hall of Fame tackle Anthony Munoz. Chili is the signature dish of the city with Cincinnatians consuming more than 2 million pounds of Cincinnati-style chili per year.

Crowned the Queen City, Cincinnati received its nickname from poet Henry Wadsworth Longfellow, who described it as ?the Queen of the West, in her garlands dressed, on the banks of the beautiful river.?

Ohio Cincinnati, city, seat of Hamilton county, southwestern Ohio, U.S. It lies along the Ohio River opposite the suburbs of Covington and Newport, Kentucky, 15 miles (24 km) east of the Indiana border and about 50 miles (80 km) southwest of Dayton. Cincinnati is Ohio's third largest city, after Columbus and Cleveland. Cincinnati | Ohio City Guide & History | Britannica britannica.com ? place ? Cincinnati britannica.com ? place ? Cincinnati

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Cincinnati Ohio Will with Marital Deduction and Bypass Trust