Stocker on Drawing Wills and Trusts, a staple in the library of attorneys and estate planners for more than 50 years, provides high-quality, comprehensive, field-tested drafting guidance that ensures wills, trusts, and other estate planning documents fully express clients’ wishes without provoking costly legal challenges. It is enhanced by hundreds of labor-saving sample forms and clauses.
Highlights of the new release include:
- Estate Tax and Planning for the Applicable Credit Amount: Updated numbers regarding transfer tax rates; federal and state estate tax top rates; and gift, estate, and GST tax exemptions (see Chapter 5).
- Preserving the Marital Deduction for a Surviving Spouse’s Revocable Trust: New information on how to avoid probate in a surviving spouse’s estate (see new section 6:7.7).
- “Exhaustion” Concerns for Charitable Remainder Annuity Trusts: Revisions detail the consequences resulting from inattentive drafting of payment provisions (see section 8:4.1[E][4]).
- Provisions Relating to Trusts Holding Retirement Plans: Expanded section explores the SECURE 2.0 Act, which continues the SECURE Act regime (see section 10:4.3).
- Holographic Wills: Updated explanation regarding holographic wills and validity challenges (see section 13:4.1).
In addition, numbers indexed for inflation have been added throughout the text, and the Index and Table of Authorities have been updated.
On a related note, check out this timely PLI Chronicle article on the new reporting obligations for trusts in Canada.
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