A-B Planning

Timmberrr…Another Taxpayer FLP Win!

At KYEstates, we don’t want to hex ourselves, or taxpayers, but the fact is that we’re on a little bit of an FLP roll here and here. The good news for taxpayers continues with Estate of Shurtz, T.C. Memo. 2010-21 (Feb. 3, 2010). Even though the taxpayer showed up at the Tax Court with mixed […]


Proposed Florida Legislation Responds to Estate Tax Repeal

Since late December, when it first appeared that estate tax repeal would actually happen, estate planners nationwide have been discussing its potential negative consequences.  Consider this fact pattern: a second marriage, and a normal A-B estate plan.  The plan uses a formula allocation clause directing the greatest amount of assets that can pass free of estate […]


Judicial Reformation of Trust Avoids Negative Treatment Under Section 2041 (or, Practicing T&E Law Gatsby’s Way)

He wanted nothing less of Daisy than that she should go to Tom and say: ‘I never loved you.”  After she had obliterated four years with that sentence they could decide upon the more practical measures to be taken. One of them was that, after she was free, they were to go back to Louisville […]