Published on January 31, 2024 by Morgan Black
Joining Professor Stephanie Willbanks of the University of Vermont Law and Graduate School as co-author, DiRusso adds her background in high-net-worth practice and in-house fiduciary administration to broaden the book’s perspective. The co-authors are both academic fellows of the American College of Trust and Estate Counsel.
With an emphasis on tax planning, Federal Taxation of Wealth Transfers integrates stimulating problems with statutes, regulations and cases to create a highly teachable and student-friendly casebook. This fifth edition features new cases, administrative rulings and studies. Existing cases and text have been edited or deleted to highlight essential themes. Additionally, the book provides a new introduction to gratuitous transfers, a detailed analysis of defined value clauses and a new section on taxation of nonprofit organizations.
The book could be used for a basic wealth transfer tax class or to complement an estate planning course at the JD or LLM level. It is designed to foster client counseling skills in addition to developing substantive expertise in the relevant tax law and it allows users to apply tax law in realistic client contexts. The book nurtures the development of counseling skills, which appeals to students who want to be practice ready.
In addition to the textbook, a comprehensive teacher’s manual answers all problems and questions posed in the text as well as presenting full case summaries, provides additional textual analysis, and makes suggestions on how a professor might best approach teaching chapters.
DiRusso is also a co-author of Wills, Trusts & Estates in Focus, of which she and her co-authors are currently working on second edition expected to be published in 2025.
Samford is a leading Christian university offering undergraduate programs grounded in the liberal arts with an array of nationally recognized graduate and professional schools. Founded in 1841, Samford is the 87th-oldest institution of higher learning in the United States. Samford enrolls 5,791 students from 49 states, Puerto Rico and 16 countries in its 10 academic schools: arts, arts and sciences, business, divinity, education, health professions, law, nursing, pharmacy and public health. Samford fields 17 athletic teams that compete in the tradition-rich Southern Conference and ranks 6th nationally for its Graduation Success Rate among all NCAA Division I schools.