This article provides an overview of the U.S. estate tax rules that apply to nonresidents who are not U.S.citizens. The long arm of the U.S. federal estate tax extends to individuals who have assets located in the United States even if the individual is neither a resident nor a citizen of the...

This update explains several developments in the substantive federal income, estate and gift tax laws affecting individual taxpayers and small businesses. It contains summaries of significant cases, rulings, regulations, legislation and other matters from August, 2006, through September, 2007....

Much attention has been given to items includible in a decedent's gross estate for federal estate tax purposes. Equally important, however, are deductions and credits -- items that reduce the gross amount taxable. The amount or even the availability of a deduction may depend upon events...

A primer on the application of estate tax §2042, income tax §101, and the 1976 version of the generation-skipping transfer tax, this article remains a useful compilation of the estate and income tax provisions that can apply when a third party (not the insured) owns a policy of insurance on...

This paper develops a conceptual framework for understanding the role of intergenerational transfers in the intergenerational transmission of poverty, provides empirical evidence on key aspects of intergenerational transfers, and discusses the role of public policy in helping the poor accumulate...

Federal estate taxes give very wealthy families incentives to transfer resources directly to distant generations in order to avoid taxes on successive rounds of transfers. Until recently such transfers were impeded by the rule against perpetuities, which prevented transfers to most potential...