Note From the Editor

Nov 1, 2010 12:00 PM, Susan R. Lipp Editor in Chief

The clock is ticking. As the year begins to come to a close, deadlines loom for certain estate-planning decisions and strategies. Our articles this month...

Tax Law Update

Nov 1, 2010 12:00 PM, By David A. Handler, partner in the Chicago office of Kirkland & Ellis LLP, and Alison E. Lothes, as

District court rules on deductibility of various estate administrative expenses under IRC Section 2053 The U.S. District Court for the Southern District...

McKinsey Report Identifies Five Attributes for Success

Nov 1, 2010 12:00 PM, By David Thayne Leibell, partner in the Stamford, Conn. and New York City offices of Wiggin and Dana

Family businesses are the backbone of the American economy. In fact, 90 percent of the approximately 15 million businesses in the United States are considered...

Time to Consider Terminating a Charitable Remainder Trust?

Oct 29, 2010 11:21 AM, Laura H. Peebles

Going Non-Vertical With Fund Interests

Nov 1, 2010 12:00 PM, By N. Todd Angkatavanich & David A. Stein

The vagaries and draconian nature of Internal Revenue Code Section 2701 have understandably led to widespread deference to the vertical slice rule. ...

As Good As It Gets

Nov 1, 2010 12:00 PM, By Janine A. Racanelli, Lauren E. Anderson & Martin W. Siow

This year may offer a rare opportunity to transfer wealth efficiently by making taxable gifts, particularly to grandchildren. We've previously shown that...

ILITs and the GST Tax: How Do We Fund Premiums in 2010?

Nov 1, 2010 12:00 PM, By Melvin A. Warshaw

The estate and generation-skipping transfer (GST) tax will reappear in 2011. For some insureds and the trustees of their irrevocable life insurance trusts...

The Moratorium is Over

Nov 1, 2010 12:00 PM, By Michael J. Jones

It's not news that individual retirement account owners must withdraw required minimum distributions (RMDs) from their IRAs after reaching age 70, or...

Bringing It Home

Nov 1, 2010 12:00 PM, By Andrew Auchincloss

Planning for an existing foreign non-grantor trust that has one or more U.S. beneficiaries presents complex challenges for trustees and professional advisors....

European Harmonization

Nov 1, 2010 12:00 PM, By Barbara R. Hauser

Every country1 in the European Union (EU) has its own laws and traditions for inheritances. This presents a problem when someone dies with assets in more...

Offshore Asset Protection Trusts

Nov 1, 2010 12:00 PM, By Alexander A. Bove, Jr.

The death of the offshore asset protection trust has, by some, been greatly exaggerated.1 In recent years, attacks on a few such trusts under extreme...