Tax Law Update
Beneficiary is treated as an owner of a trust under Internal Revenue Code Section 678 In Private Letter Ruling 200949012 (Dec. 4, 2009), the grantor proposed...
Defined Value Clauses Better Defined
After a 2006 opinion from the U.S. Court of Appeals for the Fifth Circuit in McCord v. Commissioner,1 many practitioners expanded their use of defined...
Gain Is Realized at Death
An installment sale to an irrevocable grantor trust is a popular estate-planning tool that allows the grantor to freeze the growth of an appreciating...
No Gain at Death
In a 2002 article,1 we examined at length the income-tax effects of the termination of a grantor trust by reason of the death of the grantor in the context...
Consider the MAT
Recent private letter rulings issued by the Internal Revenue Service1 have created concern among estate-planning attorneys regarding the best way to draft...
Special Report - Review of Reviews
The Busy Practitioner's Guide To Student-Edited Law Journals
The economy is in turmoil. Clients are nervous. Work is consuming. There wasn't enough time in the day before the financial crisis hit. There's even less...
