Abstract
In 1926 the Federal Estate Tax on an estate of $200,000 was $1,500. Today it is $82,700. A half-million dollar estate in 1926 paid a tax of $12,500 and today it is,$145,000. Income tax-wise, we have the the same contrast. The married man with two children and an income of $10,000, paid a tax of $40 a year in 1926. Today it is a little closer to $40 a week. This heavy impact of taxation has revolutionized the way in which wills are drawn so that the 1926 will looks as outmoded today as the 1926 Ford does. What I plan to do this morning is to review with you some of the changes that have come about in the drafting of wills because of the tremendous impact of federal taxation. I want to talk about a few cases from my personal experience, as well as a number of the decided cases.
How to Cite
1 Ariz. L. Rev. 178 (Fall 1959)
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