What the Proposed Treasury Regulations Mean for Deductions Under Internal Revenue Code Section 2053

To determine a decedent’s taxable estate, the Internal Revenue Code IRC) allows the decedent’s estate to utilize several deductions in various Code Sections, including Section 2053. The Treasury Regulations associated with Section 2053 were previously favorable to the taxpayer and contained broad language regarding the deductibility of claims and expenses. Recently, the Internal Revenue Service promulgated Proposed Treasury Regulations that would narrow the benefit of taking certain deductions to an estate.

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Andrew Slaton-Freeman

Estate Planning Attorney at Slaton Schauer Law Firm, PLLC

Before practicing exclusively in Estate Planning Law, Mr. Slaton-Freeman worked in research contracts for Texas A&M University, for a major international defense contractor, and the Texas Office of the Attorney General. His background includes trial litigation, business law, analysis of complex contracts, and estate planning.

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