Today, with portability and a historically high applicable exclusion amount, inclusion of the value of trust assets in a beneficiary’s gross estate will often be desirable. Internal Revenue Code Section 1014(a) provides that the basis of...
When advising clients who are considering the best ways to make significant charitable gifts, it can be helpful to begin with what I refer to as the “anatomy of a gift.” In addition to who’s making the gift and why he’s...
