Aspen Publishing

Federal Taxation of Wealth Transfers: Cases and Problems, Fourth Edition

Stephanie J. Willbanks


  • ISBN: 9781454870593

In stock.

  • Description

    With an emphasis on tax planning, Federal Taxation of Wealth Transfers: Cases and Problems integrates stimulating problems with statutes, regulations, and cases to create a highly teachable and student-friendly casebook. This casebook emphasizes problem solving, statutory construction, and policy-analysis skills, and is ideal for 2- or 3-credit courses in estate and gift taxation. The Fourth Edition has been updated to incorporate the 2012 American Taxpayer Relief Act provisions and the final portability regulations.  It offers new case law, analyses and problems regarding private annuities, net gifts, and ascertainable standards. The text has been expanded to feature new cases, administrative rulings, and studies. Existing cases and text have been edited or deleted to highlight essential themes. The casebook is logically organized but its flexible organization accommodates reorganizing material to fit individual course structures, and could be used for a basic wealth transfer tax class or to complement either a wills and trust course or an estate planning course.

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  • Details
    Page Count 580
    Published 11/09/2015
  • Additional Product Details

    Detailed Table of Contents (PDF Download)
    Preface (PDF Download)

    Summary of Contents


    PART I Overview of Federal Taxation of the Transfer of Wealth

    Chapter 1 Introduction to the Federal Transfer Tax System
    Chapter 2 Income Taxation of the Transfer of Wealth
    Chapter 3 Valuation

    PART II Taxation of Gifts

    Chapter 4 The Definition of a Gift
    Chapter 5 Completion
    Chapter 6 The Annual Exclusion

    PART III The Gross Estate

    Chapter 7 Property Owned at Death
    Chapter 8 Joint Ownership
    Chapter 9 Retained Interests
    Chapter 10 Annuities and Employee Death Benefits
    Chapter 11 Powers of Appointment
    Chapter 12 Life Insurance

    PART IV Deductions and Credits

    Chapter 13 Expenses, Claims, Debts, Taxes, and Losses
    Chapter 14 Transfers to Charity
    Chapter 15 Transfers to the Surviving Spouse
    Chapter 16 Credits and Calculation of the Gift and Estate Taxes

    PART V The Taxation of Generation-Skipping Transfers

    Chapter 17 The Generation-Skipping Transfer Tax

    Table of Cases
    Table of Revenue Rulings
    Table of Treasury Decisions


  • Author Information

    Stephanie J. Willbanks

    Stephanie J. Willbanks is a Professor of Law at Vermont Law School. She is an expert in federal transfer taxation as well as wills and trusts. The courses she has taught at Vermont Law School include Business Taxation, Estate and Gift Taxation, Estate Planning, Estates, Income Taxation, Tax Policy, and Torts.

    Professor Willbanks received her B.A. degree, magna cum laude, in 1972 and her J.D. degree, magna cum laude, in 1978, both from the University of Minnesota. After graduation from law school, she clerked for the Honorable Rosalie E. Wahl of the Minnesota Supreme Court. She then practiced law for two years with the firm Henson & Efron PA in Minneapolis before joining the Vermont Law School faculty in 1981. In 1986, she became the first female faculty member to receive tenure at Vermont Law School. She served as associate dean for academic affairs from 1989 to 1994, from 1997 to 2002, and as vice dean for academic affairs from 2205 to 2009. She has also served as director of academic technology from 2002 to 2005. Professor Willbanks is a member of the American Law Institute, an academic fellow of the American College of Trust and Estate Counsel and a fellow of the American Bar Foundation. She serves as a commissioner on the National Conference of Commissioners on Uniform State Laws, and she served as reporter to the Vermont Supreme Court’s Advisory Committee on Rules of Probate Procedure from 1998 to 2005. She served on the Association of American Law Schools’ Membership Review Committee from 2004 to 2006 and has served on numerous accreditation teams for the ABA and AALS. She is currently the Consultant on Membership Review for the AALS. She has presented lectures on estate planning and tax reform at numerous seminars and has served on a number of commissions in the State of Vermont, including the Vermont State Commission on Tax Policy and the Governor’s Commission on Property Tax Reform. Professor Willbanks has also served as a member of the Vermont Supreme Court’s Advisory Committee on Judicial Education, the Vermont Supreme Court’s Judicial Performance Review Committee, and the Mandatory Continuing Legal Education Board. She is a member of the American Bar Association’s Tax Section and the Vermont Bar Association’s Probate and Trust Committee and Tax Committee.

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