Books > Law > English law > Financial, taxation, commercial, industrial > Financial law > Taxation law
|
Buy Now
Estate Planning and Drafting (Hardcover, 3rd Revised edition)
Loot Price: R8,875
Discovery Miles 88 750
|
|
Estate Planning and Drafting (Hardcover, 3rd Revised edition)
Series: American Casebook Series
Expected to ship within 12 - 17 working days
|
Updated through August 1, 2020, the third edition of Pennell's
Estate Planning and Drafting focuses on every-day planning for
"middle-rich" clients. For example: Traditional planning for
couples who may not have as much wealth as double the basic
exclusion amount but who anticipate that the exclusion amount may
decline in the future. They must consider whether to qualify 100%
of the estate of the first to die for the marital deduction (and
defer all taxes), or instead to shelter the unified credit of the
first to die in a nonmarital trust. In either case they also need
to decide whether to elect portability for any unused exclusion
amount. A sharper focus on family trust planning for clients with
enough wealth to worry about protecting their beneficiaries (and
wealth) but for whom sophisticated tax-minimization techniques are
not needed. A new brief explanation of Code Chapter 14 illustrates
its application but notes that most middle-rich clients will not
stumble into estate freezing techniques. The coverage of retirement
benefits is updated to reflect the SECURE Act changes to the
required-minimum-distribution rules, and elimination of most
stretch-payout planning. The chapter on charitable giving is
streamlined and simplified in recognition that most middle-rich
clients do not make extensive use of private foundations or
split-interest trusts. Information about postmortem planning and
fiduciary administration stresses state and federal income taxation
and state death taxation in situations that do not trigger federal
wealth transfer taxation. The text explains essential tax
fundamentals that inform traditional techniques (e.g. Crummey
powers), without overemphasis on the tax-oriented practices that
led to their original adoption. There are over 100 pages of
annotated forms illustrating basic planning documents, including a
pour over will, self-trusteed declaration of trust, irrevocable
life insurance trust, family and marital deduction trusts, and a
third-party special needs trust.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
|
You might also like..
|