An Eventful YearAn Eventful Year

The year 2015 was eventful for trust and estate professionals. There were many interesting and important legislative, regulatory and case law developments. Here are some of the most noteworthy. 

The 2016 Greenbook  

The Treasury Department’s General Explanations of the Administration’s Fiscal Year 2016 Revenue Proposals (the Greenbook), released on Feb. 2, 2015, represents the Administration’s “wish list” for changes in the tax law.¹ Most of the trust and estate-related proposals contained in the Greenbook were unsurprising because they were set forth in previous years’ Greenbooks. For example, the Administration continues to believe estate, gift and generation-skipping transfer (GST) tax rates, applicable exclusion amounts and GST exempt...