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The Estate Planning Perils Of 2010 And Beyond, Brett T. Bradford
The Estate Planning Perils Of 2010 And Beyond, Brett T. Bradford
Brett T. Bradford
This paper explores the confusion surrounding the repeal of the federal estate tax for the year 2010. The Economic Growth Tax Relief Reconciliation Act gradually scaled down the federal estate tax and eventually repealed the tax in 2010. The Act has a sunset provision that would return the tax to a much higher rate than has been seen in recent times. This paper explores the history, intent and purpose of federal estate taxes; the intent and purpose behind the repeal in EGTRAA; and what attempts congress has made to fix the mess.
Inheriting Inequality: Wealth, Race, And The Laws Of Succession, Palma Joy Strand
Inheriting Inequality: Wealth, Race, And The Laws Of Succession, Palma Joy Strand
palma joy strand
The article begins by documenting deep inequality in the form of Black-White wealth disparities: While the overall wealth distribution in the United States is highly unequal from both historical and international perspectives, racial wealth disparities are particularly acute, with median Black net worth approximately a tenth of median White net worth (as compared to median Black income that is approximately two-thirds of median White income). Next, the article ties the perpetuation of this inequality to current inheritance law. It then confronts this inequality as a civil rights issue in terms of its social effects, its historical causes, and legal avenues …