DID YOU KNOW?
A Fall Birth Means a Long Life
A recent study by researchers from the Max Planck Institute for Demographic Research discovered that people born in the Fall months (October through December in the northern hemisphere) tend to live longer than those born in the months of Spring (April through June).

HEALTH HAPPENINGS
New Drug Replaces Lost Bone
Osteoporosis affects nearly 8 million women over the age of 50. By 2015, this number will jump to 12 million. Those who suffer from this bone-wasting disease can take medication to slow the process, but the bone that was lost could not be replaced by drug treatment, until now.

LEGAL LINES
Tax Court Erred in Failing to Shift Burden of Proof to IRS
The Ninth Circuit recently vacated a Tax Court decision because the Tax Court failed to shift the burden of proof to the IRS and failed to provide adequate explanation for its valuation of stock held by an estate.

MEDI-MINUTES
Good and Bad News on Drug Coverage Front
According to a recent study by the National Institute for Health Care Management Foundation, spending on prescription drugs increased by nearly 19% last year, following a similar increase in 1998.

NATIONAL NOTES
Tax Cut Plan Changes in the Senate
Republicans in the Senate are confident that the tax cut bill currently being considered will pass and will make its way to the President's desk by May 25th.

TRUST TALK
GRAT Retained Interest is Single-Life Annuity
In a recent case before the Tax Court, the remainder interests of a couple's grantor retained annuity trusts (GRATs) must be valued based on a single-life annuity, not a dual-life annuity.