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  ALI-ABA Estate Planning Course Materials Journal
  Volume 13, Number 3, June 2007
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  • What's It Worth? Personal Property Valuation Standards And Issues In Estates
        Charles T. Rosoff
        p.5                                                                                          +cite        
        It is up to the estate administrator, with the assistance of a qualified appraiser, to ensure that artworks and other collectibles within the estate are professionally valued. This outline will provide an overview of Federal requirements for the valuation of personal property, of accepted valuation methodologies, and the problems (along with possible solutions) that most often arise in dealing with tangible personal property in an estate.
  • Planning Techniques With Partnerships (Including How To Unwind Them)
        Daniel H. Markstein, III
        p.19                                                                                        +cite        
        Partnerships pose a variety of planning opportunities, for delaying payment of estate tax, to lessening estate tax, to reducing income tax as well.
  • The Expanded Role Of (Defective) Grantor Trusts
        Samuel A. Donaldson and M. Read Moore
        p.45                                                                                        +cite        
        An intentional or "defective" grantor trust is one of the best ways to make a lifetime gift without the payment of gift tax. A client can make a completed gift for gift tax and estate tax purposes to a grantor trust. This combination can enhance the benefit of the client's taxable gift to the trust. The trust - the assets of which will not be included in the settlor's gross estate - can grow in a tax-free environment during the settlor's lifetime by the settlor's payment of the income tax without a resulting gift tax.