The late Richard B. Stephens, Professor Emeritus at the University of Florida, Guy B. Maxfield, Professor of Law Emeritus at New York University School of Law, Stephen A. Lind, the Albert R. Abramson Distinguished Professor of the Law at Hastings College of Law, Dennis A. Calfee, Professor of Law at the University of Florida, and Robert B. Smith, Counsel in the Atlanta office of Sutherland, Asbill, and Brennan LLP, offer their combined expertise in this thorough and timely coverage of the full spectrum of relevant legislation and regulations--both existing and proposed.

Offers tips and in-depth guidance on such topics as deductible fees paid by estates, valuation discounts, gift status of non-statutory stock options, interest paid on underpayments of generation-skipping transfer tax and estate tax, exempt gifts, and more. This treatise features citations to significant rulings, legislative and regulatory background material and important judicial decisions and includes hypothetical applications of difficult and complex statutes and code sections.