Tax Planning for Lifetime and Testamentary Dispositions: Prototype Plans.

Featuring changes required by the Taxpayer Relief Act of 1997, Tax Planning for Lifetime and Testamentary Dispositions--Prototype Plans by Don W. Llewellyn and Gaff Levin Richmond with Beverly R. Budin gives a step-by-step method for developing the best plans for clients.

The book includes sample clauses for equalization-of-rates marital deduction, zero-tax marital deduction, generation-skipping exemption, and surtax avoidance prototype plans. In addition, the book offers a comprehensive and in-depth analysis of both the income and transfer tax principles that serve as the conceptual underpinning of all the plans.

Llewellyn is professor of law at Villanova University School of Law, where he teaches...