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Tuesday, February 9, 2010
Private Letter Ruling
Decedent had a will with a number of codicils. His final will directed that real property and cash be held in trust for the benefit of his sole heir (Son) and Son's wife until their deaths, at which time the proceeds would be contributed to a charitable trust (Trust). Decedent's will also contained an in terrorem clause which provided that if any beneficiary challenged the will, his or her share of the estate would be used to fund the charitable trust. However, decedent's will was silent as to the disposition of the residue of his estate. >> More
FEATURED ARTICLES
Bill Russell grew up on the Great Plains. During his youth, he was a rodeo bull rider and gained fame as "Wild Bill" for his daring exploits. Wild Bill was an artist at heart and soon decided to move on to his artistic pursuits. >> More
On January 28, 2010, the Senate voted 60-39 to increase the Federal debt limit from $12.4 trillion to $14.3 trillion. The Senate resolution will now be sent to the House. It's expected that the House will also pass the same resolution and send it to President Obama for his signature. >> More

GIFTLAW CALCULATOR
The GiftLaw Calculator is a planned gifts calculator for professionals that follows the IRS format. Click here to access and run charitable deduction calculations for the following gift plans. >> More

OTHER ARTICLES
Washington Hotline
  • White House Budget Changes Taxes
  • Case of the Week
  • Wild Bill Russell's "Artistic" Unitrust
  • Article of the Month
  • To Reinsure or to Self-Insure? – Reinsurance Part II
  • Reinsurance of Charitable Gift Annuities – Part I
  • Private Letter Rulings
  • Private Foundation's Grants Are Not Taxable Expenditures
  • BILLS/CASES/IRS
  • Tax Cases
  • Bills Pending In Congress
  • Internal Revenue Code/Regulations
  • Revenue Procedures/Notices
  • Revenue Rulings

  • The content in these articles does not reflect the views or opinions of the charitable organization.
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