McCouch; Clark; Bittker

Federal estate and gift taxation

The Ninth Edition continues to provide an engaging and insightful introduction to the federal estate, gift, and generation-skipping transfer taxes, placing leading cases in historical context and exploring their practical significance and policy implications. It reflects statutory changes in rates, exemptions, and other matters included in the Economic Growth and Tax Relief Reconciliation Act of 2001, such as the introduction of a new federal deduction for state death taxes to replace the traditional credit mechanism. The new edition also addresses the possibility of temporary or permanent repeal of the estate and GST taxes beginning in 2010.