Significant Recent Developments in Estate Planning— footnotes

¹ Est. of Ida Abraham, 408 F3d 26 (lst Cir. 2005).

² Est. of Albert Strangi, 5th Cir., 8/8/05, aff’g TC Memo 2003-145.

³ Marian A. Byrum, 408 US 125 (1972); for background, see Eyberg and Raasch, “FLP Planning after Strangi, Kimbell and Thompson,” 35 The Tax Adviser (December 2004). In Strangi, the decedent’s attorney-in-fact held sufficient votes to declare dividends due to his dual role on the sole corporate general partner’s board—one representing the decedent and one as the entity’s manager. This produced potential access to the funds that did not exist in Byrum.

⁴ Est. of Charles Schutt, TC Memo 2005-126.

⁵ Rayford Keller, SD TX, 9/30/05.

⁶ Mark Senda, 433 F3d 1044 (8th Cir. 2006).

⁷ Est. of Helen B. Jameson, 267 F3d 366 (5th Cir. 2001).

⁸ Est. of Frazier Jelke, TC Memo 2005-131.

⁹ Arthur Temple, ED TX, 3/10/06.

¹⁰ Est. of Paul C. Gribauskas, 342 F3d 85 (2d Cir. 2003).

¹¹ Rosa Shackleford, 262 F3d 1028 (9th Cir. 2001).

¹² Est. of John R. Donovan, DC MA, 4/26/05.

¹³  Mary C. Davis, DC NH, 12/19/05.

¹⁴ IRS Letter Ruling 200551013 (12/23/05). 

¹⁵ John L. Baird, 416 F3d 442 (5th Cir. 2005).

¹⁶ Est. of Pearl Amlie, TC Memo 2006-76.

¹⁷ Est. of Doris Kahn, 125 TC 227 (2005); see Tax Trends, “IRA Valued Without Discount for Anticipated Tax Liability,” 37 The Tax Adviser (August 2006).

¹⁸ Est. of Algerine Smith, 198 F3d 515 (5th Cir. 1999).

¹⁹ William J. O’Neill, Jr, Irrevocable Trust, 994 F2d 302 (6th Cir. 1993), rev’g 98 TC 227 (1992).

²⁰ Mellon Bank, 265 F3d 1275 (Fed. Cir. 2001).

²¹ J.H. Scott, 328 F3d 132 (4th Cir. 2003), aff’g 186 FSupp2d 664 (ED VA 2004); see Satchit, “Trusts, Investment Advisory Fees and the 2% Floor,” 35 The Tax Adviser (February 2004).

²² The Fourth Circuit cited trustee, fiduciary return preparation and judicial accounting preparation fees as examples of “unique” expenses.

²³  William L. Rudkin Testamentary Trust, 124 TC 304 (2005).

²⁴  IRS Letter Ruling (TAM) 200513028 (4/1/05).

²⁵  IRS Letter Ruling 200536015 (9/9/05).

²⁶  IRS Letter Ruling 200612001 (3/24/06).

²⁷ Rev. Rul. 2005-36, IRB 2005-36, 1368.

²⁸  Rev. Proc. 2005-24, IRB 2005-16, 909.

²⁹ Notice 2006-15, IRB 2006-9, 538; see Sherr and Shafer, News Notes, “CRT Safe Harbor for Spousal Rights Extended—Waivers Not Required,” 37 The Tax Adviser (May 2006).

³⁰ The text of the commentary is available at http://tax.aicpa.org/NR/rdonlyres/5F4E82A5-43B0-48E5-B155-136D99B5E13C/0/clean_rev_proc_2005_24_letter.doc.

³¹ Rev. Rul. 2005-30, IRB 2005-20, 1015.

³² Rev. Rul. 79-335, 1979-2 CB 292.

³³ Andrew J. Eberly, TC Summ. Op. 2006-45.

³⁴ Richard A. Cronk, TC Summ. Op. 2005-174.

³⁵ IRS Letter Ruling 200602002 (1/13/06).

³⁶ Rev. Proc. 2005-70, IRB 2005-47, 979.