BOOK REVIEW : The Gift Tax. By Frederick J. Gerhart. New York
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Authors
Issue Date
1982
Volume
15
Issue
Type
Journal Article
Language
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Abstract
INTRODUCTION|An important and often underutilized tool for the estate planner is the use of the gift to reduce the size of the donor's taxable estate. The gift would remove potentially upper bracket estate property from the tax computation. Such oversight is unfortunate because a client's family may bear a significantly higher estate tax burden due to his attorney's unawareness or lack of familiarity with federal gift tax law and its role in the transfer tax system. The Gift Tax, authored in its original edition by George Craven, and in its 1980 edition by Frederick J. Gerhart, has a well-deserved reputation for presenting this area of tax law in a clear, concise manner. This book can provide a practitioner with a basic foundation for the use of the gift as an estate planning tool. |One consideration in the use of any tax literature is that the field is continually being changed through legislation, regulation, and case law. In the area of gift tax, the law has been changed by legislation several times since 1969. Thus, The Gift Tax has been revised frequently to keep pace with these developments...
Description
Citation
15 Creighton L. Rev. 765 (1981-1982)
Publisher
Creighton University School of Law