Financial Issues
1. Investments 1
2. Interest Rates 1
B. Tax Issues
I. EstateTax Exemption 1
2. Income Tax Issue 2
a. Rates 2
b. Basis 2
III. What ... Rethinking the Role of the Bypass Trusts 26
I. No Trusts But For EstateTax 27
a. Use of Disclaimer Planning 27
b. The "Maximum Benefit" Bypass Trust ... Distributions and DNI 38
b. Gains 39
c. Basis Disregarded 39
3. EstateTax Issues 40
4. Generation-Skipping Transfer Tax Issues 40
B. Charitable Beneficiaries 40
1. Cy Pres