American Casebook Series This volume has its roots in the Study of Federal Tax Law series first published under the leadership of Professors Willard Pedrick and Vance Kirby almost thirty years ago. Publication of annual new editions then assured that it was the most up to date set of teaching materials available. In 1997 the West Group took over publication of the series with a commitment that users would always be provided with up to date materials. This is the fourth edition to be published by the West Group. This volume provides the materials essential for a basic course in federal estate and gift taxation. It also provides the materials required for the study of the closely related topic of the income taxation of trusts and estates. The materials begin with the taxation of lifetime gifts, proceed on to the principles of valuation for gift and estate tax purposes and move on to cover the estate tax and the generation skipping transfer tax. Finally the materials explore the principles involved in...