Publications

Section Newsletter Articles From Gregg M. Simon

Historical review of inflation adjustments to estate tax exemptions By Gregg M. Simon Trusts and Estates, December 2011 A compilation of tables that illustrate the changes that have been made in estate tax exemptions over the years.
2010 year-end estate planning: Navigating the uncertainty By Gregg M. Simon Trusts and Estates, December 2010 While many of the usual planning techniques remain viable, the current state of the transfer tax laws provides for additional opportunities but makes 2010 year-end planning a bigger challenge than in past years.
Record low interest rates mean good times for estate planning By Gregg M. Simon Trusts and Estates, December 2010 The current economic environment presents significant opportunities for leveraging tax savings and transferring wealth to descendants on a tax-advantaged basis.
Trust TBE Creditor Protection—A bonanza or a boondoggle? By Gregg M. Simon Trusts and Estates, September 2010 Because of uncertainty as to how the Illinois tenancy by the entirety statute may be applied, until clarified by remedial legislation, case law or otherwise, utilization of this statute may not be prudent.
Estate tax update: Estate tax reform proposals By Gregg M. Simon Trusts and Estates, October 2007 On March 21, 2007, while the Senate was considering the fiscal 2008 budget resolution (S. Con. Res. 21), Congress hinted that it just may take up estate tax reform.
Regulating the acronyms: GRAT, GRUT, QPRT, CRAT and CRUT By Gregg M. Simon Trusts and Estates, October 2007 The IRS proposed rules for determining the extent to which a trust in which the grantor has retained the use of property or the right to an annuity, unitrust, or other income payment for life, for any period not ascertainable without reference to the Grantor’s death, or for a period that does not in fact end before the Grantor’s death, is includible in the Grantor’s gross estate under IRC §2036. Prop. Reg. §20.2036-1, Prop. Reg §20.2039-1.
Inflation Adjustments: 2007 and before By Gregg M. Simon Trusts and Estates, December 2006 On November 9, 2006 the IRS released its official inflation adjustments for 2007. The following tables show the 2007 adjusted items that relate to estate taxes:

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