IRS adds additional burden on estates by no longer automatically issuing closing letters

Estate loses res judicata argument and income tax credit for taxes paid by decedent under claim of right 

Astor family fortune goes to the daughter-in-law once referred to as “Miss Piggy”

IRS won’t issue private letter rulings on this matter until it resolves the issue through revenue procedures or regulations

Period of uncertainty comes to an end

Unique risks, issues and restrictions to address

Keeping it simple and understandable is key

Sometimes family doesn't know best

Planning for Social Security Benefits