Mistakes occur in every profession, and attorneys practicing estate administration are not immune from this phenomenon. Funding marital trusts at the death of the first spouse engenders numerous opportunities for mistakes given the complex and technical nature of the tax law and the variety of...

Few things in the Internal Revenue Code (Code) are as enduring as the grantor trust rules. Housed in Subpart E of Subchapter J of the Code, they are essentially the same rules that were instituted by the so-called Clifford trust regulations promulgated over a half-century age. In instances where...

Since the introduction of the unified credit in 1976, married couples who attempt to minimize transfer taxes and maximize the wealth passing to their heirs have generally been plagued by an expensive and burdensome exercise. In order for each spouse to optimize the use of this or her unified...