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Full-Text Articles in Law
An Update On Federal Estate And Gift Taxation: Recent Decisions And Revenue Rulings, Verner F. Chaffin
An Update On Federal Estate And Gift Taxation: Recent Decisions And Revenue Rulings, Verner F. Chaffin
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"Tax law is constantly evolving, never static, and always in the process of becoming something other than it was." In the following survey, Professor Chaffin brings us abreast of the latest changes in the field of estate and gift tax and gives us insight into the future direction of the law in this area.
The Time Gap In Wills: Shifting Assets And Shrinking Estates--Obsolescence And Testamentary Planning In Georgia, Verner F. Chaffin
The Time Gap In Wills: Shifting Assets And Shrinking Estates--Obsolescence And Testamentary Planning In Georgia, Verner F. Chaffin
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If estates were static, property inalienable and assets immutable, this article would serve as nothing more than an academic exercise. However, estates grow and shrink, and the assets comprising an estate shift from one form of wealth to another. Obviously, such changes in the composition of property affected by a will can materially disrupt the testamentary plan of the decedent. In his Article Professor Chaffin investigates the effects of changes in property passing under a will and the legislative and judicial response in Georgia to the problems posed by such changes.
The Time In Gap In Wills: Problems Under Georgia's Lapse Statutes, Verner F. Chaffin
The Time In Gap In Wills: Problems Under Georgia's Lapse Statutes, Verner F. Chaffin
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The makeup of the class of beneficiaries and the composition of the property affected by a will may be substantially altered by events occurring after the execution of the will by the testator. Naturally, such alterations may materially disrupt the testamentary plan. Such changes in beneficiaries typically involve the application of the state's so-called lapse statutes. In his Article, Professor Chaffin explores the Georgia statutory scheme and the problems which have arisen thereunder. In a subsequent article to appear in this volume, he will investigate the effects of ademption and abatement of property passing under the will.