Flexible trusts and estates for uncertain times

This book is an indispensable, up-to-date asset for anyone involved in trusts and estates. In this updated and revised Fifth Edition, Jerry Horn defines estate planning objectives, describes the climate of uncertainty, identifies planning problems, and suggests solutions. With more than 155 sample forms and 19 complete documents this one-of-a-kind guide will be an indispensable asset to any trust and estates lawyer.

Introduction -- The real attraction of bypass trusts -- The building blocks for payments to beneficiaries -- Use of exemptions -- Increase of basis -- Dispositive configurations -- Allocation of death costs -- Special dispositive provisions : discountable interests -- Special dispositive provisions : different interests and powers but equal values for different children : allocations, advancements, charges, control devices, mergers, mixing bowls, and options -- Special dispositive provisions : gifts during incapacity -- Severance of trusts into GST exempt, GST nonexempt, and other portions -- Special dispositive provisions : miscellaneous -- Avoiding and attracting grantor-trust treatment -- Accommodation of special assets : Code Section 2032A -- Accommodation of special assets : S corporation stock -- Accommodation of special assets : interests in qualified plans and IRAs -- Inter vivos marital dispositions -- Integration of exempt and nonexempt dispositions -- Perpetuities and power-of-appointment issues : the Delaware tax trap, savings clauses, and special administration of appointed assets -- Trust management.