Federal estate and gift taxation in a nutshell

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Where to find it

Law Library — 2nd Floor Collection (2nd floor)

Call Number
KF6572.Z9 M3 2015
Status
Available

Summary

This comprehensive guide can serve either as a course supplement or as a refresher for members of the bar. Expert commentary summarizes the law and offers critical perspectives on the estate, gift, and generation-skipping transfer taxes, including lifetime and testamentary transfers, joint-and-survivor tenancies, life insurance, annuities, and powers of appointment; inclusion and valuation; exemptions and exclusions; deductions; and tax liabilities. Additional chapters cover basic tax and estate planning concepts, reform proposals, and fundamental alternatives to the current transfer tax system.

Contents

Introduction -- The federal estate, gift, and generation-skipping transfer tax laws in outline -- The estate and gift taxes applied to transfers at death and during life -- Donative intent and consideration -- Transfers during life : application of the estate and gift taxes -- Jointly owned property and community property -- Life insurance : estate tax and gift tax -- Annuities and employee death benefits : estate tax and gift tax -- Powers of appointment : estate tax and gift tax consequences -- Inclusion and valuation -- Exemptions and exclusions : gift tax (gifts of future interests and gifts to minors) -- Deductions : estate and gift tax -- The marital deduction and split gifts -- Credits against the estate and gift taxes : liability and payment of the taxes -- A few fundamentals of estate planning -- Reform proposals and fundamental alternatives to present transfer tax systems.

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