Arecent ruling by the U.S. Tax Court has blunted the effectiveness of one popular estate planning tool. But in the process, tax lawyers say, another device, the charitable lead annuity trust, has become even more attractive.
In a March decision, the court rejected one use of a tax-reduction technique called discounting. The ruling is viewed by some attorneys as a red flag, and they are warning clients and their financial advisors to stop using discounting altogether.
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