Pennell's Wealth Transfer Planning and Drafting

This law school text was written especially for students who have not yet acquired a background in wealth transfer taxation. The text provides the requisite tax background when it is needed, with an understanding of the needs of students who have taken only a basic wills and trusts course. There is an overview of wealth transfer taxes, an introduction to income taxation of estates, trusts, grantors, and beneficiaries, and guidance on planning for incapacity and other end-of-life issues affected by tax law. The necessary learning is presented to help students understand the methods and procedures that estate planners have developed.