3 Pages Posted: 7 Apr 2010
Date Written: April 1, 2010
Media reports of Warren Burger's homemade three-sentence will crowed about the former Chief Justice's lack of legal acumen in drafting the will. A local attorney alleged that Burger's $1.6 million estate would incur a $450,000 federal and state estate tax liability that could have been entirely avoided by elementary estate planning, noting that "the shoemaker's children are the last ones to get shoes."
It was a great story - if only it were true. This article examines the estate tax consequences of the Burger will and concludes that it is the critics, not the Chief Justice, who do not understand basic estate planning.
Keywords: tax, estate planning, wills, probate, tax planning, unified credit, marital deduction
JEL Classification: K34, K49
Suggested Citation: Suggested Citation
Caron, Paul L., Chief Justice Burger: A Better Tax Lawyer Than His Critics (April 1, 2010). Tax Notes, Vol. 69, p. 1020, 1995; U of Cincinnati Public Law Research Paper No. 10-13. Available at SSRN: https://ssrn.com/abstract=1585397