Federal Gift, Estate, and Generation-Skipping Transfer Taxation of Life Insurance - 3rd Edition - Lawrence Brody cover
American Bar Association Casebook Series

All books · 3rd Edition

Federal Gift, Estate, and Generation-Skipping Transfer Taxation of Life Insurance - 3rd Edition - Lawrence Brody

ISBN
9781614386650
Publisher
American Bar Association
Edition
3rd Edition
Condition
$125.99 one-time purchase · 15% restocking fee on returns

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Federal Gift, Estate, and Generation-Skipping Transfer Taxation of Life Insurance 3rd Edition Lawrence Brody ISBN 9781614386650

Now fully updated and revised, this volume in the acclaimed Insurance Counselor series offers practical guidance for minimizing transfer taxes in estate planning while avoiding common pitfalls.

The first chapter focuses on life insurance as a gift, covering policy valuation and qualification for the annual gift tax exclusion. Key topics include:

  • Outright transfers, transfers in trust, and indirect gifts

  • Uses and considerations of Crummey powers

  • Application of the gift tax marital deduction

The second chapter delves deeper into gift taxation, examining the treatment of gifts of life insurance policies, valuation issues, and the availability of the annual exclusion and charitable or marital deductions.

Chapter three addresses estate taxation of life insurance, with particular attention to IRC Sections 2035 and 2042, which are highly relevant to life insurance planning. Chapter four explores generation-skipping transfer (GST) tax and its application to life insurance and irrevocable life insurance trusts. The final chapter highlights key community property considerations.

Throughout, the book includes citations to case law, relevant IRC provisions, and features comprehensive tables of cases and IRC Sections, Regulations, and Rulings—making it an essential resource for estate planning professionals seeking both clarity and practical application.

Federal Gift, Estate, and Generation-Skipping Transfer Taxation of Life Insurance 3rd Edition Lawrence Brody ISBN 9781614386650, 978-1614386650 & 978-16143-86650

Authors
Lawrence Brody
Mary Ann Mancini