Martin Shenkman authored the seminal book on the last major U.S. Tax Act in 1977, and here proffers his advice on the 1997 Act, specifically on how to take advantage of the increase in the unified estate and gift tax credit. In this timely book, Shenkman explains the 9 important new changes contained in the Tax Relief Act of 1997 and their relevance to tax payers who are either planning or contemplating revision of their estate. The book also includes practical planning tips for tax payers, and provisions to include in wills and trusts, real estate, and other documents.

Martin M. Shenkman (Teaneck, New Jersey) is a practicing attorney specializing in tax laws and investments. He is the author of several books including Real Estate after Tax Reform and The Complete Book of Trusts.