Mastering Legal Matters: Federal Tax Fundamentals Affecting Estate Planning for Real Estate

Mastering Legal Matters: Federal Tax Fundamentals Affecting Estate Planning for Real Estate examines the practical role that real estate plays in estate planning and strategies tied to estate tax, gift tax, and generation-skipping tax – the three prongs of the federal tax transfer system. This valuable resource is a useful taxpayer reference that provides concise guidance to relevant real estate transactions directed at efficient management of the taxable estate. Authors Thomas V. Glynn and Patricia Hughes Mills provide concise and understandable descriptions and analysis of a variety of real estate transfer transactions in the context of taxable estate reduction, as well as key real estate valuation principles and distinctions between property types for estate planning purposes.