Abstract
A recent development in the field of estate and gift taxation-the issuance of Revenue Ruling 76-156 may be an indication of a policy decision on the part of the Internal Revenue Service to clamp down on the increasing utilization of the estate planner's most flexible tool in the ·area of post-mortem estate planning-the disclaimer. Due to the potential importance of this ruling, it seems desirable ( 1 ) to deal with the ruling, itself, in some detail, ( 2) to see how the ruling might affect an estate planning concept suggested in these pages last year, and ( 3) to determine what course of action the prudent estate planner might adopt now that this ruling has been issued. The
Document Type
Article
Publication Date
Summer 1976
Recommended Citation
J. Rodney Johnson, An Attack on The Optimum Marital Deduction: Revenue Ruling 76-176, Va. B. Ass'n J., Summer 1976, at 10