General Practice, Solo & Small Firm DivisionMagazine


Tax Law Resource Roundup

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Want to find out more about tax law? Take a look at these ABA publications. (Prices may vary depending on Section membership. To order, or for more information on any of these books, call the ABA Service Center at 800/285-2221 or visit our website (

An Estate Planner’s Guide to Family Business Entities, by Louis A. Mezzullo (ABA Real Property, Probate and Trust Law Section; 1998; PC 5430395; $89.95). This guide will help you determine the most appropriate way to achieve your client’s goal of transferring wealth to younger family members. It will help you:

• avoid the dangers inherent with some of the traditional estate planning techniques

• provide maximum advantages for your clients and their heirs

• compare the different estate planning techniques and choose the best one for your client

Third-Party and Self-Created Trusts, by Clifton B. Kruse, Jr. (ABA Real Property, Probate and Trust Law Section; 1998; PC 5430394; $89.95). To help you become familiar with the different types of trusts for your elderly and disabled clients and learn how federal laws affect these trusts, this second edition provides you with a thorough examination of the various kinds of trusts you can draft. As a valuable resource, this guide will:

• draft trusts that ensure that the beneficiary is not disqualified from receiving government benefits

• maximize the impact of the language you use in wills and trusts

• determine which trust will be most effective for your client

Business Succession Planning and Beyond, by Dirk R. Dreux, IV and Joe M. Goodman (ABA Real Property, Probate and Trust Law Section; 1997; PC 5430384; $84.95). This book contains dozens of tips that will help you work with business owners or other family members, create estate plans or governance systems, and take on "the ultimate challenge" of providing for succession. This book will help you:

• develop family business planning strategies

• examine unique estate planning factors and minimize taxes

• create advisory councils and management boards

Volume 3 in the Insurance Counselor Series: Federal Gift, Estate and Generation-Skipping Transfer Taxation of Life Insurance, 2nd ed., by Kevin D. Millard, Lawrence Brody, Norman H. Lane (ABA Real Property, Probate and Trust Law Section; 1998; PC 5430391; $69.95). This revised publication will help you take full advantage of minimizing the transfer taxation of the estate plan as well as avoid the many pitfalls that can arise. The book deals with:

• life insurance as a gift

• the estate taxation of life insurance

• generation-skipping transfer tax

Real Estate Closing Deskbook, by K. F. Boackle (ABA General Practice, Solo and Small Firm Division; 1997; PC 5150251; $79.95). This excellent new guide provides you with a firm understanding of real estate concepts and explains the mechanics of handling a closing. It contains dozens of valuable checklists, sample letters, and step-by-step procedures to help you organize your practice and guard against errors. You will learn how to:

• analyze a survey report

• avoid potential conflicts of interest

• review a loan package

1040 Handbook, by Jack Zuckerman, William Wolf, Peggy L. Podell, David M. Franklin (ABA Family Law Section; 1997; PC 5130085; $74.95). The revised third edition of this classic reference shows you how to use the 1040 as a discovery tool in divorce cases. It provides a line-by-line analysis of the form and its schedules to help you draft a detailed discovery plan for assets and income. In addition, you will receive a valuable supplement that alerts you to important changes made by the Taxpayer Relief Act of 1997.

Understanding Business Tax Returns, by Jack Zuckerman and William Wolf (ABA Family Law Section; 1998; PC 5130090; $84.95). This valuable resource discusses fundamental tax issues and gives detailed explanations of line items and statements. The handbook includes forms and schedules for partnerships, corporations, and unincorporated businesses, with a variety of hypothetical examples using 1997 business returns. You will also learn how to:

• determine discretionary cash flow and salary information

• use key business and tax terms

• evaluate the fair market value of a business entity

The Lawyer’s Guide to Retirement, 3rd ed., by David A. Bridewell and Charles Nauts (ABA Senior Lawyers Division; 1998; PC 5460031; $99.95). This third edition goes beyond the general areas of retirement and provides an in-depth look at estate and tax planning and the available legal vehicles that will enable you to attain all your goals in retirement. As a result, over half of the chapters are brand new and deal with subjects relating to the legal procedures required during retirement planning. The chapters are grouped into eight parts and deal with the practical questions that arise when you or your client plan for retirement, as well as those questions that arise after retirement.

To order call the ABA Service Center at 800/285-2221 or visit our website at

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