Document Type

Article

Publication Title

American College of Trust and Estate Counsel Journal

Publication Date

2006

Abstract

The name of the game in estate planning has long been valuation. Virtually, all lifetime estate planning arrangements involve some aspect of valuation, including grantor retained annuity and income trusts, qualified personal residence trusts and so-called "freeze" techniques. The lower the value, the lower the estate, gift or generation-skipping transfer tax that is imposed, as a general rule. Valuation often also is a key element in income tax matters, from determining the value of non-cash compensation income to the value of property contributed to charity entitling the donor to a charitable income tax deduction.

Share

COinS
 
 

To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.