Illinois decisions
By Mark E. Zumdahl
Trusts and Estates,
February 2004
In re Estate of Madison Rae Pool was first noted in the June 2002 newsletter when the Third District Appellate Court reversed the decision of the circuit court of Putnam County, denying Petitioner Randy Pool's Petition to Revoke Letters of Administration issued to Debra Jean Clausen.
Some interesting IRS rulings
By Mark E. Zumdahl
Trusts and Estates,
February 2004
PLR 200340012-In this Private Letter Ruling, the IRS ruled favorably whether decedent's interest in rental real estate qualified as a closely held business for purposes of electing installment payment of estate taxes under §6166 of the Internal Revenue Code.
Tax Court decision
By Mark E. Zumdahl
Trusts and Estates,
February 2004
Estate of Mildred Green v. Commissioner, TC Memo 2003-348 decided by the Tax Court, illustrates the importance of a clearly drafted tax apportionment clause.
Recent decisions
By Mark E. Zumdahl
Trusts and Estates,
August 2003
If one has been in practice any length of time, the thorny issue of compensating family members for prior services rendered to a decedent has been encountered.
Recent Illinois decisions
By Mark E. Zumdahl
Trusts and Estates,
May 2003
The case of The Estate of William Henry v. St. Peter's Evangelical Church, 271 Ill. Dec. 855, decided by the Third Appellate District, is a case of first impression interpreting §15(b) of the Principal and Income Act. 760 ILCS 15/15.
Tax rulings and decisions
By Mark E. Zumdahl
Trusts and Estates,
May 2003
The Tax Court case of Ralph H. Davis v. Commissioner, T.C. Memo 2003-55, reminds us of the danger of placing limitations on the right of a surviving spouse to trust income if a marital deduction is desired.
Odds and ends
By Mark E. Zumdahl
Trusts and Estates,
November 2002
Private Letter Ruling 200234019 is a taxpayer friendly ruling which could apply in a future estate you handle.
Recent decisions
By Mark E. Zumdahl
Trusts and Estates,
June 2002
Hurst v. Hurst, decided by the Fourth District Appellate Court under Case No. 4-01-0528, gives us a little bit of everything. Chuck Hurst died in June, 1998. He had two children by his prior marriage, Lori and Todd.
For what its worth
By Mark E. Zumdahl
Trusts and Estates,
May 2000
This newsletter is a grab bag of recent decisions of interest to those of us in the estate planning area and a short article from Thorpe Facer.
Editors’ notes
By Paul A. Meints & Mark E. Zumdahl
Trusts and Estates,
October 1999
This issue is unusual from a couple of perspectives, none of which is really obvious to the reader.
Editor’s notes
By Paul A. Meints & Mark E. Zumdahl
Trusts and Estates,
September 1999
This first issue of Volume 46 of the Trusts and Estates newsletter contains four articles.
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