Gratuitous Transfer Taxation

LAW TX 974

An analysis of the gift, estate and generation skipping transfer taxes and the income tax treatment of gifts and bequests using the problem method. Coverage of the fundamental principles underlying the income taxes and the transfer taxes and then how these principles have been codified in the Internal Revenue Code. How to draft language in wills and trusts that accomplish, not only the desired transfer tax and income tax savings, but also an individual's personal and financial objectives for the family.