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Top Estate Planning and Estate Tax Developments of 2021

ACTEC Trust & Estate Talk

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Six Tax Court Cases

The issues were the values of michael jackson's image and likeness, which had suffered from his bizarre behavior for many years before his death. Two bankruptcy trusts heavily burdened with debts attributed in part to that same behaviour. The court determined values higher than the estate had reported, but much lower than the i r s had proposed. Number five is two tax court cases involving variations of splitting and combining gifts and bequests of llc interests.

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