Wendy C. Herzog, University of Baltimore – School of Law, has made available for download her article, “Toward a Reality-Based Estate Tax,” published in the Boston College Law Review, Vol. 57, No. 3, 2016. The Abstract is as follows:
Currently, the estate tax does not accurately value the property and transactions that it is meant to cover. Additionally, the marital and charitable deductions do not reflect actual associated transfers, instead skewing their benefits away from their purported beneficiaries. This Article proposes reforming the estate tax by eliminating these sources of unreality and distortion, and to make the current estate tax a reality-based tax. Through six specific proposals, the Article identifies solutions to the problems associated with testamentary transfers, puts forth alternative methods of valuation to prevent gaming of transfer taxes, and offers significant modifications to two deduction provisions.
Download full article at: Toward a Reality-Based Estate Tax by Wendy C. Gerzog :: SSRN
Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.