S.Ct. in Hubert fails to provide needed guidance
Article Abstract:
The US Supreme Court decision in Estate of Hubert that administration expenses charged to trust income did not cause a reduction in estate taxes does not clearly settle this issue. Implications from the Court's decision are impractical and unworkable. Postmortem interest from death taxes could help determine projected expenses to a trust, and deferring estate taxes should not permit additional tax.
Publication Name: Estate Planning
Subject: Law
ISSN: 0094-1794
Year: 1997
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Prop. regs. after Hubert: new rules for administration expenses
Article Abstract:
The authors discuss new regulations for administration expenses, proposed by the Internal Revenue Service in light of the Supreme Court's 1997 decision in Estate of Hubert, which would automatically treat some administration expenses as reducing the marital or charitable deduction, without regard to whether the expenses are charged to income or to principal.
Publication Name: Estate Planning
Subject: Law
ISSN: 0094-1794
Year: 1999
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Final Hubert regs. fix boundaries for deducting administration expenses
Article Abstract:
The author is critical of final IRS regulations under IRC sections 2056 and 2057 which were promulgated subsequent to the U.S. Supreme Court 1997 decision in Estate of Hubert. The regulations provide guidance concerning the influence of expenses incurred administering decedents' estates on the marital or charitable deductions.
Publication Name: Estate Planning
Subject: Law
ISSN: 0094-1794
Year: 2000
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