Editorial Reviews
Book Description
Chapter 14 of the Code contains its own set of "special valuation rules" for transfer tax purposes that you must know in order to most effectively meet your clients' estate-planning needs. This in-depth resource guides you through the complex rules, regulations and exemptions of Chapter 14 provisions regarding transfers of interests in trusts, corporations, and partnerships. You'll find authoritative analyses of various provisions of Chapter 14, practice tips, step-by-step advice on valuation of family-held interests, the impact of landmark court rulings, relevant private letter rulings, legislative history and much more.
Among the topics covered are the tax implications of transfer of interest in family-held business, GRITs, GRATs, GRUTs, QPRTs, buy-sell agreements, the tax treatment of lapsed voting or liquidation rights and certain restrictions on liquidation. The analyses include adjustments to avoid double taxation, indirect holding of interests and statute of limitations considerations.
This complete guide also contains practical appendices illustrating the subtraction method of valuation, the impact of increasing age, term or interest rate on the value of different types of gifts in trust, and state-by-state analyses of partnership and LLC statutes to aid in the selection of an appropriate jurisdiction for the creation of a family business entity. Invaluable advice for all estate planners.
About the Author
Cheryl E. Hader is a partner in the Personal and Fiduciary Law Department of Drinker Biddle & Reath LLP. She practices primarily in the area of trusts and estates, including domestic and international estate planning, probate, and estate and trust administration.
Estate Planning & Chapter 14: Understanding The Special Valuation Rules (Transactions of the American Philosophical Society) (Transactions of the American Philosophical Society),Cheryl E. Hader,Practising Law Institute,0872241351,Estates & Trusts,General,Law,Legal Reference / Law Profession,Estate planning,Family corporations,Inheritance and transfer tax,Law and legislation,United States
English Books:
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