Modern Estate Planning

Modern Estate Planning is a comprehensive treatise covering estate, gift, income and generation-skipping transfer taxation. It guides the practitioner through the issues and challenges in advising a wide range of clients. The 5 volumes cover three distinct areas of estate planning: estate planning principles...

Williams Mullen: IRS Grants Extension of Time to Make Late Portability Election

BY: JOHN H. TURNER, III & JEFFREY D. CHADWICK In December 2010, Congress created a new right of "portability" between spouses,to remedy the circumstance in which spouses were unable or unwilling to engage in estate tax planning. For deaths occurring in 2011 and 2012 only, the applicable...

Spouse vs. Charity: Estate Tax Apportionment

By John G. Farinacci, Esq. Ruskin Moscou Faltischek, P.C. We know that estate taxes are to be paid in the manner of a testator's choosing, but if the testator fails to make that choice, then estate taxes are "equitably apportioned among the persons interested in the gross tax estate."...