The Wait is Over

Proposed 2704 regulations pack a wallop.

In many instances, the anticipation of an event is worse than the reality. However, the early August release of the proposed regulations under Internal Revenue Code Section 2704 (proposed regs) surprised the estate-planning community with how far they reached. The Treasury took advantage of the broad authority Congress provided in IRC Section 2704 to issue regulations establishing that “other restrictions shall be disregarded in determining the value of the transfer of any interest in a

All access premium subscription

Your subscription will include 12 months of Trusts & Estates magazine and access to premium content on WealthManagement.com.

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.