Abstract

http://ssrn.com/abstract=1545332
 


 



Estate and Gift Tax Problems of Principals and Agents Under Durable Powers of Attorney


Paul L. Caron


Pepperdine University - School of Law

1995

Tax Notes, Vol. 66, p. 1009, 1995
U of Cincinnati Public Law Research Paper No. 09-43


Abstract:     
The combination of advances in life expectancies and improvements in medical technologies has made it increasingly important to plan for a client's possible future incapacity. As a result, the use of durable powers of attorney has exploded in recent years. Indeed, estate planners now typically include such powers and living wills as components of a client's estate plan along with traditional wills and trusts. However, the use of durable powers of attorney can create serious estate and gift tax problems for both the principal and the agent. This article discusses these tax problems in light of several recent cases and rulings, and suggests drafting strategies to address these tax concerns.

Number of Pages in PDF File: 5

Keywords: Tax, Estate and Gift Tax, Estate Planning, Principal and Agent, Power of Attorney

JEL Classification: K34,

Accepted Paper Series





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Date posted: January 31, 2010  

Suggested Citation

Caron, Paul L., Estate and Gift Tax Problems of Principals and Agents Under Durable Powers of Attorney (1995). Tax Notes, Vol. 66, p. 1009, 1995
U of Cincinnati Public Law Research Paper No. 09-43. Available at SSRN: http://ssrn.com/abstract=1545332

Contact Information

Paul L. Caron (Contact Author)
Pepperdine University - School of Law ( email )
24255 Pacific Coast Highway
Malibu, CA 90263
United States
310.506.7521 (Phone)
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