New Book On Flexible Trust And Estates

The Fifth Edition of Flexible Trusts and Estates for Uncertain Times by Jerold I. Horn has recently been published and is available through ABA Books. Provided below is description of the book:

In Flexible Trusts and Estates for Uncertain Times, Fifth Edition, Jerry Horn defines estate planning objectives, describes the climate of uncertainty, identifies planning problems, and suggests solutions. The completely update fifth edition confronts a purported lull after a period of unprecedented instability and now covers:

• The repeal in 2010 of the estate tax and the generation-skipping tax and the reversion of the taxes, the exemptions and the rates to status quo ante
• The restoration of the estate tax and the generation-skipping tax as of the beginning of 2011 and reduced rates and increased exemptions for the gift tax, the estate tax and the generation-skipping taxthe reversion of the exemptions and rates that were in effect before the advent of EGTRRA
• For 2011 and 2012 a system of portability of the unused portion of the estate tax exemption of a predeceasing spouse and provided for it to sunset at the end of 2012
• The American Taxpayer Relief Act of 2012 which became law on January 2, 2013
• Draft estate plans to anticipate and withstand the drastic changes in the law, including the 2010 repeal and 2011 restoration of the estate tax and the generation-skipping tax and the implementation and repeal of a system of carryover basis for income tax purposes