A decedent's gross estate includes most assets and property they owned or had an interest in at death, used to calculate estate taxes. Some assets, however, may be excluded, affecting the estate's ...

If any one of the transfers described in IRC Sections 2035 through 2038 and 2041 is made for consideration in money or money’s worth, but the consideration is not adequate and full, the excess of the ...

IRC Section 2042 deals specifically with the includability of life insurance proceeds in the gross estate of the insured. The proceeds are includable in the insured’s gross estate under IRC Section ...

Under IRC section 2036(a) and Treasury regulations section 20.2036-1(a) there are two exceptions that prevent transfers from being included in a decedent’s gross estate. First, if a transfer is a bona ...

What kinds of powers can an individual have (or exercise) over trust property without causing that property to be included in the individual’s gross estate at death? A recent private letter ruling ...

Generally, property inherited from a decedent gets a basis equal to the property's fair market value on the date the decedent died. This rule applies regardless of whether a federal estate tax return ...