Flexible Trusts and Estates for Uncertain Times

"The seventh edition confronts continued and, indeed, increased instability. The new instability follows a relatively short lull after a period of unprecedented instability, including, since 2001, increases in exemptions, reductions in rates, the repeal and restoration of the estate tax and the generation-skipping tax, the installation of a system of portability of the unused portion of the estate tax exemption of a predeceasing spouse, the advocacy by leading politicians of repeal of the taxes and, by others, of drastic increases in the taxes and the enactment of wealth taxes, and, probably most importantly, of a worldwide plague against which individuals, groups and even nations were unable to protect themselves"--