Trusts and Estates

For decades, estate planners have used variations of the family limited partnership (FLP), family limited liability company, and family corporation to achieve federal estate tax (estate tax) savings through valuation discounts in computing client’s taxable estates. Since the early 1990s, the use of the investment FLP as a sophisticated estate tax reduction technique has grown.


The purpose of this chapter is to provide a clear, understandable evaluation of the current standards for awarding attorneys' fees in Illinois in estate administration and closely related matters, such as guardianship and will contest proceedings.

Financial And Estate Planning

This article will describe and set forth examples of various fiduciary income tax planning strategies that are available after the Tax Reform Act of 1986, the Revenue Act of 1987 and the Technical and Miscellaneous Revenue Act of 1988. The article will also demonstrate that the tax savings from certain traditional techniques may now be so small as to be outweighed by the administrative costs of implementing them.

TAXES The Tax Magazine

In gift and estate tax planning, sophisticated planning strategies are used to achieve different goals.

Massachusetts Law Review

The phase in of the Massachusetts estate tax to a "pickup" tax system was completed in 1997. Under this system, each estate pays a state death tax in an amount equal to the maximum state death tax credit allowable for federal estate tax purposes. This so-called pickup tax reduces the federal estate tax by an equivalent amount; thus, there is no increase in the overall death taxes paid by the estate.

Michigan Bar Journal

The Michigan estate tax imposes a tax on the transfer of the estate of both residents and nonresidents. On its face, the tax appears straightforward and, in effect, represents a relatively fair death tax approach. Nevertheless, it contains unexpected nuances.

Journal of Asset Protection

Here is the second part of an examination of the strategies for reallocating assets that can minimize estate and income taxes while providing protection to those assets.

Journal of Asset Protection

Here is a full discussion of strategies for reallocating assets that can minimize estate and income taxes while providing protection to those assets.


Although a donor often wishes to be trustee of a trust to which he or she has contributed property, this can cause tax problems. This article analyzes when the donor may serve as trustee of a variety of commonly used trusts.


A buy-out agreement that provides for the installment purchase of a decedent's stock can protect the availability of the Section 6166 election to defer the payment of estate tax attributable to a closely held business interest.