If decedent can possess property on the happening of an event that has not occurred at his death, should that contingent property interest, properly discounted to reflect that risk, be included in his estate? If decedent's death extinguishes a contingent interest that he created, should anything...

In Estate of Shapiro, the Ninth Circuit held that an individual had a valid palimony claim under Nevada state law. However, the issue was whether the decedent's estate qualified for a deduction for that claim under federal estate tax law

Currently, the estate tax does not accurately value the property and transactions that it is meant to cover. Additionally, the marital and charitable deductions do not reflect actual associated transfers, instead skewing their benefits away from their purported beneficiaries. This Article...