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May 2, 1977

The Physician's EstateAn Epilogue

JAMA. 1977;237(18):1982-1983. doi:10.1001/jama.1977.03270450072032

A THREE-PART series entitled "The Physician's Estate" has recently been concluded in The Journal (236:1743, 2217, and 2796, 1976). As was indicated, this series of articles was prepared long before the recent 1976 statutory changes in the federal estate and gift tax law. The information in this series of articles did not, therefore, reflect these changes in the law. It would be impossible to detail all of the changes that were enacted in the limited time and space available. Changes in the major federal tax provisions that were discussed before, though, can be noted. This will include mention of the new federal estate and gift tax rates and structure, current filing requirements, marital deduction limits, and gifts in contemplation of death.

Unified Estate and Gift Tax Rates  The basic federal estate and gift tax structure had been the same for many years. The 1976 tax law changes have introduced a