Basic Estate Tax Planning, 2006 Edition
Editor: Prof. Angela M. Vallario; Contributing Authors: Michael P. Donnelly, Esq.; Frederick R. Franke, Jr., Esq.;
Jeffrey S. Glaser, Esq.; Jeffrey A. Kolender, Esq.; Sheldon S. Satisky, Esq.; Mary Alice Smolarek, Esq.

Click for Table of Contents

This new 2006 Edition of Basic Estate Tax Planning has been completely restructured and updated. All six chapters have been expanded and re-sequenced. The topics within each chapter have been rearranged to make the concepts clearer and the book much more user-friendly. The new, revised 2006 Edition of Basic Estate Tax Planning features new forms and sample clauses throughout, as well as current exemption equivalents, annual exclusions, and federal and Maryland tax rates. The authors have added new planning considerations that flow from the decoupling of the Maryland estate tax from the federal estate tax, including guidance on solving the problems posed by Maryland’s estate tax and the complexities of its interaction with the federal state death tax credit, when the underlying rules no longer exist for federal estate tax purposes. There is much practical information and an abundance of drafting suggestions and sample provisions, including the use of marital bequests and trusts and the new Maryland QTIP. A companion CD-ROM of the forms is available with the book.

The completely-rewritten first chapter on basic principles and general planning considerations now includes a section on terminology that defines crucial terms such as annual exclusion, carryover basis, credit shelter trust, exemption equivalent, qualified terminable interest property, power of appointment, and spendthrift clause. It also features a transfer tax summary table and a new sample advance medical directive. In the new 2006 Edition, the authors have replaced all of the tax planning forms and added a new deed of trust and demand right. Many other significant revisions appear throughout chapters two, three, four, five and six. Included within the comprehensive scope of the new, revised 2006 Edition of Basic Estate Tax Planning are detailed discussions of revocable trusts, unified credit, taxable gifts, the Maryland Uniform Transfers to Minors Act, spousal election, credit shelter trusts and limitations on the surviving spouse’s interest in them, and the decoupling of the Maryland estate tax from the federal estate tax, and much more.

Basic Estate Tax Planning, 2006 Edition includes:

Chapter 1: Basic Principles and General Planning Considerations
Chapter 2: Coordination of Asset Ownership Necessary to Implement the Overall Estate Plan
Chapter 3: Tax Planning
Chapter 4: Revocable Inter Vivos Trusts
Chapter 5: Inter Vivos Gifts
Chapter 6: Irrevocable Life Insurance Trusts
Table of Authorities, Table of Cases, Index

Pub date: 11/2006
190 pages loose leaf in binder

This publication was used in conjunction with the 2006 "Basic Estate Tax Planning" Seminar.
Audio tapes, CDs and DVDs are available.


Book only: Inv. #2609-06  Price: $89

Book & Forms CD: Inv. # 2613-06  Price: $109

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