Estate Planning

legislation that provides for the inclusion in the estate of the decedent of lifetime transfers that involve a retained life interest in the following manner:

1. decedent sells or gives to a family member a remainder interest in a business.
2. decedent transfers more than 50% of appreciation interest into a general partnership but retains the limited partnership interest.
3. decedent sells or gives to a family member more than 50% of common stock interest in a corporation but retains the preferred stock interest in the corporation.