BOOK REVIEW: ESTATE PLANNING ESTATE PLANNING LAW AND TAXATION. By David Westfall. 1 Skip over navigation
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Copyright 1983 The Harvard Law Review Association.

Harvard Law Review

BOOK REVIEW: ESTATE PLANNING

ESTATE PLANNING LAW AND TAXATION. By David Westfall. 1

Boston: Warren, Gorham & Lamont. 1981 & Supp. I 1982. Pp. xxviii, 823 (looseleaf). $ 48.00.

JANUARY, 1983

96 Harv. L. Rev. 762

Author

Reviewed by Robert F. Ambrose 2

Excerpt

David Westfall's Estate Planning Law and Taxation should prove to be a valuable reference work for its intended audience -- accountants, attorneys, financial advisers, and other professionals who do not specialize in estate planning but whose work affects their clients' estate plans. 3 Indeed, Professor Westfall has provided such a remarkable amount of information in a compact format that even the experienced estate practitioner will find the work a highly useful desk reference.

Estate Planning Law and Taxation is in no sense a "how to" book or manual for implementing estate plans. Although it includes many practical suggestions and supplies forms for common will and trust dispositions, the work is a scholarly treatise, not a kit. The author provides a thoughtful catalogue of many arrangements for the lifetime and testamentary disposition of property, together with a detailed and careful analysis of the federal tax implications of -- and pitfalls involved in -- the use of such arrangements. In particular, the book furnishes a thorough review of the federal income and transfer tax considerations relevant to the use of trusts in estate planning, from basic concepts through the complexities of the income tax throwback rules, the taxation of grantor trusts, and the generation-skipping transfer tax. It is in this compact yet detailed analysis that the work's greatest strength lies.

As with any one-volume treatise, however, one may take issue with the author's choices respecting the inclusion or exclusion of material. In the case of Professor Westfall's treatise, one especially ...
 
 
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