Toward a Reality-Based Estate Tax

Authors

Wendy C. Gerzog, University of Baltimore School of LawFollow

Document Type

Article

Journal Title

Boston College Law Review

Volume

57

First Page

1037

Publication Date

2016

Abstract

Currently, the estate tax does not accurately value the property and transactions that it is meant to cover. Additionally, the marital and charitable deductions do not reflect actual associated transfers, instead skewing their benefits away from their purported beneficiaries. This Article proposes reforming the estate tax by eliminating these sources of unreality and distortion, and to make the current estate tax a reality-based tax. Through six specific proposals, the Article identifies solutions to the problems associated with testamentary transfers, puts forth alternative methods of valuation to prevent gaming of transfer taxes, and offers significant modifications to two deduction provisions.

Recommended Citation

Wendy C. Gerzog, Toward a Reality-Based Estate Tax, B.C. L. Rev. 1037 (2016).