This is your new

Private Clients
Legal & Tax Planning
Answer Book
2018 Edition
Edited by
G. Warren Whitaker, Leiha Macauley,
Darren M. Wallace, and Natalia Murphy
Legal and tax planning for private clients (often referred to as “estate
planning”) means planning for the present and future management of the
individual’s assets and personal affairs, both during that individual’s life-
time, during any period of incapacity he or she may suffer, and after the
individual’s death and, frequently, for many generations thereafter. Private
Clients Legal & Tax Planning Answer Book provides the client, and attor-
neys not specializing in estate planning, with a comprehensive and step-
by-step overview of the estate and tax topics that must be considered in
creating an estate plan that covers all contingencies. After an introductory
discussion of the foundational concepts in estate planning, Private Clients
Legal & Tax Planning Answer Book discusses:
• The increased estate tax exemption amount
• The increased annual gift tax exclusion
• The increased generation-skipping transfer tax exemption amount
• The tax-planning advantages of a qualified personal residence
trust and a grantor retained annuity trust
Private Clients Legal & Tax Planning Answer Book looks at all aspects
of working with clients to create a comprehensive estate plan, including
understanding what must be done to handle a client’s incapacity, how to

(continued on reverse)

Practising Law Institute

1177 Avenue of the Americas
New York, NY 10036
#208927
approach an efficient asset valuation program, and, even, suggestions on
the efficient organization of various professionals on the estate planning
team.
Thank you for purchasing Private Clients Legal & Tax Planning Answer
Book. If you have questions about this product, or would like information
on our other products, please contact customer service at info@pli.edu or
at (800) 260-4PLI.