Guest mike0355 Posted February 23, 2012 Report Share Posted February 23, 2012 Given: DB Plan, owner and wife, no employee Owner dies suddenly without election. Default option is 100% J&S. Question: What is the value of the DB plan to be included in his estate? Is it $0? Thanks. Link to comment Share on other sites More sharing options...
frizzyguy Posted February 23, 2012 Report Share Posted February 23, 2012 Given: DB Plan, owner and wife, no employeeOwner dies suddenly without election. Default option is 100% J&S. Question: What is the value of the DB plan to be included in his estate? Is it $0? Thanks. What does the document say? IMHO Link to comment Share on other sites More sharing options...
SoCalActuary Posted February 23, 2012 Report Share Posted February 23, 2012 I believe this question is covered under estate tax rules, and belongs in a different forum. Look at the rules associated with filing form 706, and the extensive body of law on estates and inheritance tax. Link to comment Share on other sites More sharing options...
K2retire Posted February 23, 2012 Report Share Posted February 23, 2012 I believe this question is covered under estate tax rules, and belongs in a different forum. Look at the rules associated with filing form 706, and the extensive body of law on estates and inheritance tax. I second that -- estate tax rules are a whole different animal. Link to comment Share on other sites More sharing options...
mbozek Posted February 23, 2012 Report Share Posted February 23, 2012 Given: DB Plan, owner and wife, no employeeOwner dies suddenly without election. Default option is 100% J&S. Question: What is the value of the DB plan to be included in his estate? Is it $0? Thanks. I believe that the value of the annuity benefit included for estate tax purposes would be the actuarial value of his benefit. See reg 1.2039-1(a) Decedent's gross estate includes the value of an annuity or other payment receivable by any beneficiary by reason of surviving the decedent under certain agreements or plans to the extent the contributions were made by the decedent or his employer. Having said that, the actual amount of the benefit subject to estate tax will be 0 because all transfers to a spouse who is a US citizen are eligible for the unlimited marital deduction. mjb Link to comment Share on other sites More sharing options...
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