States need to consider more competitive trust legislation.

Three psychological phenomena that happen in every engagement.

Ruling makes split-dollar arrangements less attractive and potentially impacts other planning techniques.

Completed gifts or not, their time has arrived.

Greater complexity warrants greater collaboration.

Private equity, venture capital and hedge fund estate-planning pitfalls.

Charles A. Redd discusses what’s arguably the most difficult judgment a trustee may face.

Robert F. Sharpe, Jr. suggests ways clients can shift dollars saved from lower estate taxes to income tax savings and how the use of the charitable income tax deduction can restore and accelerate tax savings.

David A. Handler and Alison E. Lothes highlight the most important tax law developments of the past month.

Associate legal editor Anna Sulkin discusses this month's cover.