Numbers Flashcards
1
Q
Form 709
A
9 month after death
6 month extension
2
Q
6166
A
14 year installment period
first 5, pay interest only
own at least 20%
no more than 15 owners
3
Q
GSTT
A
37 1/2 outside family member
4
Q
administrative expense
A
2.5% of estate
5
Q
split gift FORM 709
A
filed 1 year after gift
6
Q
lack of marketability
A
10-35%
7
Q
fractional interest
A
10-20%
8
Q
qualify SS before Medicaid
A
2 years
9
Q
SSI
SSDI
A
SSI = disability before 22 and no work SSDI= disability anytime and work
10
Q
Miller Trust
A
holds EXCESS income (above 133% of poverty line) of special needs so can still qualify for SSI
