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HEADLINES
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ESTATE
TALK
IRS Allows Charitable Deductions for Compromise
Agreement
The IRS has ruled that the
transfer of shares of a trust’s residue and other property to a charity
under a compromise agreement will qualify for an estate tax charitable
deduction.
HEALTH HAPPENINGS
Low Estrogen Levels May Contribute to
Mental Decline
Researchers at the University
of California have discovered that high levels of estrogen may prevent
mental decline in elderly women. The tests involved 425 women over
the age of 65.
MEDI-MINUTES
Doctors' Group Chooses Medicine Over Medicare
According to a news release
by the Association of American Physicians and Surgeons (AAPS), "Medicare
endangers seniors, rations care and punishes the best doctors whose only
aim is to give the best care. For the sake of patients and integrity of
the profession, doctors should get out of Medicare."
MONEY MATTERS
Looking for a CD? Look Out!
Some CD brokers are preying
on elderly investors by promising high-rate certificates of deposit that
seem to be redeemable after one year. In fact, many of these CDs may not
mature for 20 or 30 years.
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Top
Site
Of
The
Week:
Probate
and Trust Law
The Real Property, Probate and Trust law section of the
American Bar Association.
It features the full online text of
Probate and Property Magazine.
Book
Of
The
Week:
Advanced
Wealth Transfer Under New Tax Laws: Case Studies Simplify Sophisticated
Strategies to Reduce Estate Taxes
MORE
HEADLINES...
NATIONAL NOTES
New Bill Would Give Consumers Access to National
Practitioner Data Bank
Members of the House Commerce
Committee are working on legislation to expand the National Practitioner
Data Bank to allow public access to information about physicians, including
disciplinary actions and malpractice judgements.
TAX TID-BITS
Gift Tax Period of Limitations Begins to
Run When Gift Properly Disclosed
The IRS has provided guidance
for submitting information to adequately disclose a gift if the information
was not initially submitted with a gift tax return filed for the calendar
year in which the gift was made.
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SEPT.
1, 2000
