Court rulings bolster the use of charitable lid strategies

09/12/2010 | Journal of Accountancy

Estate planning relying on charitable lid strategies is on a sounder footing after two recent court decisions. The Internal Revenue Service has steadfastly opposed these defined-value clauses aimed at limiting transfer taxes, but more judges are calling the federal agency's position into question. Because further litigation is likely, estate planners need to watch further developments closely.

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