In This Issue

The newest versions of Cowles Trust Plus and Cowles TrusTerminator have just been released! Check out the newest features and content in version 19.0 of these products, as well as our new Will Estate Organizer Binder.

Keeping Options Open--Considerations When Drafting During a Period of Uncertainty
By Colleen Cowles
We have always tried to protect our clients, but with the impact of federal estate tax law so uncertain (especially if the inflation rate begins to climb), it is now more necessary than ever to protect clients while still leaving options open. This article offers some advice on how to do just that.

Legislative Update
Court Rules FLP Assets Includible in Estate, Allows Estate to Recoup Overpaid Income Taxes; Court of Appeals Affirms District Court's Discount for Estate's Art Collection; Tax Court Allows Full Marital Deduction Concluding Estate Taxes Allocable to Property in Decedent's Estate; Guidance Issued by IRS Attempts to Ease Burden on Victims of Ponzi Schemes; Applicable Federal Rates for April 2009.

Cowles Tech Tips
Cowles software provides you all the tools you need to complete your estate plans in a professional and comprehensive manner. Along with producing the estate documents themselves, you can produce cover pages, document covers, envelopes, binder cover inserts, and CD labels--everything you need to give your electronic and paper documents a professional look. You can then finish your presentation to your clients by handing them permanent binders filled with their own personal, organized estate documents from the Estate Organizer series.

THE ESTATE PLANNER AS A WORD DOCUMENT
Access The Estate Planner as a Microsoft Word document.