The Logic of the Transfer Taxes: A Guide to the Federal Taxation of Wealth Transfers - 3rd Edition - Noel B. Cunningham

The Logic of the Transfer Taxes: A Guide to the Federal Taxation of Wealth Transfers 3rd Edition-Noel B. Cunningham ISBN 9798892095983

The Logic of the Transfer Taxes: A Guide to the Federal Taxation of Wealth Transfers provides a comprehensive and accessible survey of the federal transfer tax system. The book offers thorough coverage of the foundational rules governing the gift tax, estate tax, and generation-skipping transfer (GST) tax, supported by numerous clear and practical illustrations designed to reinforce conceptual understanding.

In addition to its doctrinal treatment, the book introduces readers to widely used estate and wealth transfer planning techniques, including family limited partnerships (FLPs), grantor retained annuity trusts (GRATs), intentionally defective grantor trusts (IDGTs), and the special valuation rules of Chapter 14. By integrating technical rules with planning applications, the text bridges theory and practice, making it particularly valuable for students and practitioners new to this area of law.

The book is well suited for use as a primary coursebook in a two- or three-credit J.D. or LL.M. course, and it also functions effectively as a reference guide for attorneys, accountants, and other professionals seeking an introduction to federal wealth transfer taxation.

The Third Edition reflects significant legislative developments resulting from The One Big, Beautiful Bill Act, which made permanent many of the temporary changes introduced by the Tax Cuts and Jobs Act of 2017. All illustrations have been updated to reflect the current exclusion amounts. Recognizing the ongoing debate surrounding the taxation of wealth, the authors have expanded their analysis of the policy foundations and normative justifications for transfer taxes.

This edition also features expanded treatment of the charitable and marital deductions. In the charitable deduction chapter, new illustrations demonstrate how split-interest gifts are currently structured and used to achieve a variety of estate planning objectives. In the marital deduction chapter, the authors provide detailed explanations and examples illustrating strategies to ensure that both spouses’ exclusion amounts are fully and efficiently utilized.

The Logic of the Transfer Taxes: A Guide to the Federal Taxation of Wealth Transfers 3rd Edition Noel B. Cunningham ISBN 9798892095983, 979-8892095983 & 9798317705565

Authors:
Noel B. Cunningham
Laura E. Cunningham
Miranda Perry Fleischer