Portfolios

Tax Management Portfolio, Accounting for Trusts and Estates, No. 853, explains how to account for income and principal of an estate or trust. Income and principal must be determined for a number of reasons. Receipts and disbursements must be allocated properly to income or principal, as the case may be.

Tax Management Portfolio, Administrative Powers, No. 820, describes and analyzes the development of the law with regard to the estate and gift tax consequences of various administrative powers granted to trustees; reserved by a settlor or a decedent; or held by an executor, custodian, or others, including third parties such as trust protectors.

This Portfolio defines and analyzes "asset protection planning" and then examines methods used in preservation planning, and traps and pitfalls associated with these techniques.

The Portfolio, Charitable Contributions: Income Tax Aspects, discusses the income tax deduction for charitable contributions by individuals.

This Portfolio analyzes the rules governing the qualifying of nongrantor charitable lead trusts, both inter vivos and testamentary; nonqualifying nongrantor lead trusts; and more.

This Portfolio describes the rules governing the administration of charitable remainder trusts and relevant income, gift, estate, and generation-skipping transfer tax considerations.

This Portfolio explores two important developments in trust law that emerged late in the 20th century. The first was the recognition of the tax and nontax benefits of creating long-term or dynasty trusts.

This Portfolio discusses the origins; general characteristics; and federal income, gift, estate, and generation-skipping transfer tax aspects of community property.

This Portfolio focuses on the rules of professional conduct that govern lawyers whose practices involve tax and estate planning.

This Portfolio describes and analyzes the tax treatment of income and deductions attributable to debt-financed assets owned by exempt organizations.