Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Thursday, December 25, 2014

2014 Estate Planning Developments

TrustHere is a quick review of some key estate planning developments that occurred in 2014:

  • The IRC Section 67 final regulations describing the certian circumstances in which estates' and trusts' costs may be deductable without being limited by 2% AGI floor.
  • The decision in Bobrow that limits tax-free rollovers to one per taxpayer per year, not per IRA.
  • The decision in Frank Aragona Trust that held that a trust could and did materially participate in a real estate business.
  • The holding that inherited IRAs are not retirement funds for purposes of bankruptcy protection  in Clark v. Rameker.

See, Charles A. Redd, A New Array of Problems and Possibilities, Wealth Management, Dec. 22, 2014.

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.


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