Page 71 - MetalForming April 2013

“Can I get 500 copies of that article?”
Have you been wanting extra copies of an article published in MetalForming for your own promotional efforts— trade shows, meetings, mailings, etc?
Reprints are cost effective and will produce a high-quality piece of literature for your particular needs.
We do all the work, and you’ll have your reprints in three weeks—all at a surprisingly low cost!
Call Sue Cubranich at 216-901-8800/scubranich@pma.org for full details.
Blackman on Taxes
stock is entitled to various discounts of about 40 percent, making the 10,000 shares gifted to the SATs worth only about $7 million for tax purposes.
Joe’s trust, in simple terms, gives Mary a right to the trust income for life, and at her death the trust assets go to Sam and Sid. Mary’s trust does the same for Joe. It is critical that the trusts be drafted in such a way as to be different in order to avoid the so-called “reciprocal trust doctrine,” which would pull the gifts made back into the grantor’s estate. So, make sure you work only with an advisor experienced in drafting and working with SATs.
The second and final step is the year-to-year operation of the SATs. Joe and Mary can only work with their spouse’s trust to get the income they need from time to time. Any income that they do not take stays in the trust and will eventually go to their heirs—kids and grandkids—estate-tax-free.
The results of the SATs for Joe and Mary:
• Success Co. is out of Joe’s estate, but he keeps control. • Future income earned by Success Co. will be available to
Joe and Mary as needed.
• When Joe and Mary have gone to the big business in the
sky, Success Co. and all of the nonused income accumulat- ed over the years in the SATs goes Sam and Sid, free of the estate tax. MF
Fabricating
PRODUCT NEWS
www.FabricatingProductNews.com
Next Stop: Spring 2013
Advertise in FPN’s Spring issue and have your ad seen by more than 14,000 readers—decision-makers working in the metal fabricating and forming industry.
Coming in the Spring Issue:
• Waterjet Cutting
•ToolroomTechnology (wire EDM, machining, etc.)
• Metal Finishing (beveling, grinding, polishing, etc.)
An Official Publication of
6363 Oak Tree Blvd. Independence, OH 44131 Ph: 216/901-8800
Fax: 216/901-9669 www.pma.org
Bob West
South Atlantic, South Central Ph: 678/377-5749
Fax: 678/377-9098 MetalForm_bobwest@msn.com
Advertising Closing: April 11, 2013 Editorial Closing: March 22, 2013
For advertising opportunities contact:
Andrew Flando, Group Publisher
MI, OH, Western NY, Western PA, Canada, International
Ph: 216/901-8800
Fax: 216/901-9669
aflando@pma.org
Ryan King
North Central, California Ph: 773/414-9292
Fax: 267/219-4308 RKing@rkmediaadv.com
John Wagner
New England, Eastern NY, Eastern PA Ph: 312/236-4366
Fax: 312/276-4577 jwagner@wngmedia.com
www.metalformingmagazine.com
MetalForming/April 2013 69