The Journal of Taxation

The possibility of appreciation, the value of a reversionary interest, and the opportunity cost of alternative gifts all must be considered.

Taxation For Lawyers

This article explains when estate planning fees are deductible and what practitioners can do to help taxpayers support such a deduction.

Anderson Publishing Co.

Valuing retained rights in the corporate or partnership setting under chapter 14

Illinois Bar Journal

This article offers suggestions for drafting estate planning documents based on the Illinois estate tax and provides guidance for determining when and how to pay the tax.

TAXES The Tax Magazine

An individual's death does not terminate federal tax return filing requirements. In fact, subsequent to a decedent's death ("postmortem") income tax returns may be required for the decedent, the decedent's estate, and certain trusts established by the decedent.

Syracuse Law Review

Prior to Chapter 14, a commonly-recommended estate tax reduction strategy was what practitioners and others referred to as "corporate estate freezes." This strategy was pertinent to families with substantial wealth that were involved in one or more closely held businesses. In the corporate context, it typically involved recapitalization of a family business to a multi-stock corporation, followed by the transfer (either by gift or purchase) of one class of stock, the perceived growth stock, to children and grandchildren.

ESTATE PLANNING

The credit for state death taxes plays an important role in minimizing the overall burden of death taxes. This article examines drafting to use the credit and analyzes the best method for paying state death taxes.

ESTATE PLANNING

The second set of Proposed Regulations on Chapter 14 focuses on adjustments relating to retained interests and on lapsing rights and restrictions. Although the Regulations clarify the rules, a number of issues remain unresolved.

DePaul Law Review

Since 1983, estate planning advisors have been confronted with substantial congressional activity limiting many traditional and worthwhile estate planning strategies.

Illinois Bar Journal

This article analyzes provisions of and amendments to the Illinois General Not-For-Profit Corporation Act of 1986 that increase the level of fault required to recover damages from an uncompensated director or officer.

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