Trusts and Estates

The book "Trusts and Estates Taxation and Practice" by Bernard Marks provides a comprehensive guide to the taxation and practice of trusts and estates. Here is a detailed overview of the book:

Key Themes

1. Transactional Basis: The book is organized around the "life cycle" of trusts and estates, focusing on the various transactions and legal issues that arise throughout the process.
2. Taxation: It delves deeply into the taxation aspects of trusts and estates, covering complex tax matters that practitioners need to understand.
3. Practice: The book offers practical insights and guidance for professionals dealing with trusts and estates, making it an essential resource for practitioners.

Plot Summary

The book is structured to cover the entire spectrum of trusts and estates, from the creation and management of trusts to the administration of estates. It includes detailed chapters on:

• Intestate Succession and Wills: Chapters II through IX cover the basics of intestate succession and wills, providing a foundational understanding of how estates are distributed after death.
• Trusts: Chapters X through XIX focus on trusts, including specific types like life insurance trusts, and cover the legal and practical aspects of trust creation and management.
• Future Interests: Chapters XX through XXIII delve into future interests, which are rights or interests that may arise in the future, such as remainder interests or contingent interests.
• Fiduciary Administration: The final portion of the book addresses fiduciary administration, which includes the administration of decedents' estates and the management of trusts, highlighting the integration of these topics in modern practice.

Critical Reception

While specific reviews of the book by Bernard Marks are not readily available in the search results, the book is recognized as an essential resource for practitioners in the field of trusts and estates taxation and practice. It is noted for its comprehensive coverage of complex tax matters and its practical approach to the subject matter.

Additional Information

The book is available in paperback format, published in 2009 with ISBN-13: 978-0-9804017-6-9 and ISBN: 0-9804017-6-3. It is a valuable resource for professionals looking to understand the intricacies of trusts and estates taxation and practice.