Taxation

Ca. Tax Lawyer Fall 2014, Volume 23, Number 3

Accounting for the Reserve for Depreciation: Estates and Trusts

By Robert J. Suhajda1

I. INTRODUCTION

When an estate or trust contains assets that lose their value due to wear, tear, decay, corrosion, or gradual obsolescence, it is important for practitioners, who include estate planners, lawyers, accountants, and professional trustees to address the issue before drafting the governing documents in order to capture the testator’s or trustor’s intent regarding changes in the valuation of principal assets.

II. CALIFORNIA PROBATE CODE SECTION 16372, THE RESERVE FOR DEPRECIATION

Join CLA to access this page

Join

Log in

Forgot Password

Enter the email associated with you account. You will then receive a link in your inbox to reset your password.

Personal Information

Select Section(s)

CLA Membership is $95 and includes one section. Additional sections are $95 each.

Payment