Ron Aucutt’s “Top Ten” Estate Planning and Estate Tax Developments of 2016

In an always-anticipated annual tradition, Ronald Aucutt, a McGuireWoods partner and co-chair of the firm’s Private Wealth Services group, identified the top ten estate planning and estate tax developments of 2016. Ron walked through this year’s list in greater detail and discusses the lasting impact of each element.

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Top Ten

• Number Ten: Developments in Split-Dollar Life Insurance
• Number Nine: Unannounced Apparent Changes in IRS Policies and Practices
• Number Eight: QTIP Elections on Portability-Only Estate Tax Returns
• Number Seven: Business (Purpose) as Usual with Family Limited Partnerships
• Number Six: Uncertainty About Defined Value Clauses
• Number Five: Proposed Regulations on Consistency of Basis
• Number Four: Proposed Regulations Under Section 2704
• Number Three: Reaction to the Proposed Section 2704 Regulations
• Number Two: House Republicans’ Tax Reform “Blueprint” of June 2016
• Number One: The 2016 Election — Implications for Tax Reform