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  ALI-ABA Estate Planning Course Materials Journal
  Volume 12, Number 2, April 2006
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  • Charitable Gifts By Subchapter S Corporations And By Shareholders Of S Corporation Stock
        Christopher R. Hoyt
        p.5                                                                                          +cite        
        Most closely held corporations are Subchapter S corporations. They usually have very few shareholders who tend to control and dominate every aspect of the corporation's business. Consequently, most charitable gifts that involve an S corporation have two potential donors: (1) the S corporation, which can contribute some of its assets, and (2) the shareholder, who can make a charitable contribution of S corporation stock. The donor and the charity should identify which donor and which asset will produce the best results. Updated from the AU-ABA Course of Study Charitable Giving Techniques, cosponsored by the ABA Section of Taxation and the ABA Real Property, Probate and Trust Law Section, June 9-10, 2005.
  • Fix-Ups Of Estate Plans After They Have Become Irrevocable (With Sample Language) (Part 2)
        Domingo P. Such, III
        p.41                                                                                        +cite        
        Estate plans go through numerous iterations before being finalized. Provisions that were appropriate initially may seem less so when the estate "matures." To plan effectively, flexibility is critical. Documents are necessarily complex and the trend of using long-term trusts is likely to increase the number of trusts that will be scrutinized after they have become irrevocable. This outline explores the different methods currently available for modifying and changing or altering the results of irrevocable trust agreements. Updated from the ALI-ABA Course of Study Estate Planning in Depth, cosponsored by Continuing Legal Education of Wisconsin, June 19-24, 2005.