Publications

Section Newsletter Articles From Mike Drone

Estate and gift tax changes for 2012 By Mike Drone Agricultural Law, December 2011 Tax changes that will take effect in the next year.
Estate and gift tax changes for 2009 By Mike Drone Federal Taxation, December 2008 Several changes in the estate and gift tax law go into effect in 2009.
Estate and gift tax changes for 2009 By Mike Drone Agricultural Law, November 2008 Several changes in the estate and gift tax law go into effect in 2009.
Estate and gift tax changes for 2008 By Mike Drone Agricultural Law, December 2007 Only a few changes in the estate and gift tax law go into effect in 2008.
Estate and gift tax changes for 2007 By Mike Drone Agricultural Law, February 2007 Only a few changes in the estate and gift tax law go into effect in 2007.
Estate and gift tax changes for 2006 By Mike Drone Agricultural Law, November 2005 Editor's Note - here is the annual general information update from Mike Drone, a long-time supporter and member of this Section. Always a pleasure to have members who can be counted on to help us all get the new information before we actually have to put it into practice.
Fractional interest discount of real estate-An alternative to 2032A Special Use Valuation By Mike Drone Agricultural Law, February 2005 Not all taxable estates with farmland will qualify for 2032A Special Use Valuation. Those that do qualify may not want to commit to material participation for 10 years.
Message from the chair: Let the debate begin By Mike Drone Alternative Dispute Resolution, February 2005 Several changes in the estate and gift tax law go into effect in 2005.
Estate and gift tax changes for 2004 By Mike Drone Agricultural Law, April 2004 Several changes in the estate and gift tax law go into effect in 2004.
FDIC insurance coverage for estates and revocable trusts By Mike Drone Agricultural Law, January 2003 Just as grain elevators can fail, so can banks. If you represent the executor of an estate or the trustee of a revocable trust, it is important to understand how FDIC insurance applies to estate or trust bank deposits
FDIC insurance coverage for estates and revocable trusts By Mike Drone Agricultural Law, November 2002 Just as grain elevators can fail, so can banks. If you represent the executor of an estate or the trustee of a revocable trust it is important to understand how FDIC insurance applies to estate or trust bank deposits.
Current developments in income taxation of trusts and estates By Mike Drone Agricultural Law, July 2002 The Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) brought major tax relief for individuals both in the income and estate tax areas.
New income tax rates for non-grantor trusts and estates By Mike Drone Agricultural Law, April 2002 The Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) brought major tax relief for individuals both in the income and estate tax areas.
Estate and gift tax changes for 2002 By Mike Drone Agricultural Law, January 2002 Several changes in the estate and gift tax law go into effect in 2002.
Gift splitting can cost OFOBI deduction on 706 By Mike Drone Agricultural Law, May 2001 The Qualified Family Owned Business Interests deduction allowed by IRC sec. 2057 is available to qualifying estates with farms or closely held businesses
The meaning of minerals in Illinois By Mike Drone Agricultural Law, November 2000 It is quite common in Southern Illinois to sever the mineral estate from the surface estate when conveying land.
Am I my partner’s keeper? By Mike Drone Agricultural Law, November 1999 Many farm families are operating as partnerships whether they realize it or not.
No right to partition minerals without complete severance of minerals from surface By Mike Drone Agricultural Law, November 1999 Due to the long history of coal and oil production in Southern Illinois, when examining land titles in this part of the State it is common to find that all or some of the mineral rights have been severed from the surface rights.

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