Thursday, November 18, 2010
Tye J. Klooster (attorney, Chicago, IL) and Melissa C. Selinger (attorney, Chicago, IL) recently published their article entitled Ten Essential Tax Rulings for the Estate Planner’s Tool Box, 24 Prob. & Prop. 55 (Nov./Dec. 2010). The introduction is below:
In the September/October 2009 issue of Probate & Property, the authors ran a flyer requesting that readers visit the ABA’s website to vote for the 10 tax rulings that are essential to estate planners. The authors provided a list of 37 tax cases and rulings to select from, and readers also were given an opportunity to cast a vote for cases and rulings not on the list. Readers were asked to rank their top 10 in order from 1 to 10. Polls closed on October 31, 2009, after 83 individuals had officially cast their votes.
After receiving the votes, we allotted 10 points for each first place vote, 9 points for each second place vote, and so on. The final tally is shown in the box on this page.
Given the small number of votes cast, the results are far from scientific. Sound arguments can be made that other rulings should have made the top 10. Regardless, every estate planner should have a working knowledge of these 10 rulings.